Real money. Every number public.
In the market since 2016; this account since May 2025. Thermik invests in stable, upward momentum trends: one rule across all 12,152 instruments eToro offers, on more than a dozen exchanges. Fifty positions, chosen by that rule. No watchlist, no favourites. Reading along is free.
- 2025
- since the first documented position
- 459
- trading days on record
- 1
- account, publicly measured
- 100%
- my own money
- annualised
- +29.3%
- largest drawdown
- 22.1 %
- Sharpe
- 1.06
- Calmar
- 1.32
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | · | · | · | · | · | 2.4 | 0.1 | -3.2 | -2.0 | 3.0 | -6.6 | 9.8 | 2.7 |
| 2026 | 15.3 | 2.6 | 2.4 | 10.0 | 6.5 | -0.1 | -12.8 | -3.9 | 0.4 | · | · | · | 19.1 |
How this is measured: The daily balances come from eToro; the calculation is ours: time-weighted, deposits and withdrawals removed. The line shows what the money did, not how much was added. Net of all costs that arise in the account. The account is publicly viewable at eToro. It has run since May 2025, and so does the series.
It buys what is rising and staying calm while it does: shares in an intact uptrend, measured across several horizons.
How much a position weighs is decided by its own volatility. Calm names carry more, restless ones less.
Once a month the book is rebuilt. What loses the trend leaves; what has it may move up.
No forecasts, no news, no opinion. Rules applied the same way every month.
- JYSK.CO4.8 %
- NDA_SE.ST4.4 %
- DANSKE.CO4.3 %
- HSX.L3.9 %
- JPM3.6 %
- DB1.DE3.2 %
- INGA.NV3.1 %
- JNJ2.9 %
- HSBA.L2.9 %
- AKRBP.OL2.7 %
Of 100 positions. The ten shown are 36 % of the account.
Public profile on eToro
Ludwig J. Marx
Based in Hannover, Germany. Investing and trading by rule, not by conviction. In the market since 2016, with my own money.
What this is not.
- No buy or sell signals
- No investment advice
- No course, no coaching
- No paid group
I am not selling anything here. I let my work be measured in public, every day, for years. If you read along, you see for yourself whether it works.
Start reading tomorrow morning.
The investment account, with every number.