Gar bear on Nostr: I met a South Tirole forex trader. South tirol is in the mountain valleys in the ...
I met a South Tirole forex trader.
South tirol is in the mountain valleys in the north of a Italy, and they speak a dialect of German.
I struck up a convo because he was staring at currency charts and scribbling in a notebook.
Adjusting his algorithm he explained. He doesn't trade the USD (too many do that already), just other currencies. He makes 12% annually following his algorithm.
I asked if he likes Bitcoin.
No, he isn't interested in stocks or Bitcoin because they react to news, and it's too complicated to trade.
He explained he hadn't done any formal studies and worked as a seasonal farm laborer. The next apple and cherry harvest in Australia was going to put some cash in his pocket.
Farm work grinds down more than strengthens. Carrying 20 pound belts up fruit trees is not easy on shoulders and backs.
He was struggling with the yield question. How to make money from money versus working.
It's ironic that he finds himself far away from the farms of northern Italy in Bitcoin country and dealing with currencies but still not into bitcoin. It will be the perfect fit if he will be able to apply his algorithm ideas to Bitcoin.
I just don't see any trading being useful apart from perhaps selling and buying back covered calls on Micro$trategy. But I haven't figured that one out.
Making 12 percent when the stock market is going down is a very useful skill. Maybe in 2026 I'll be asking him about his algorithm.
South tirol is in the mountain valleys in the north of a Italy, and they speak a dialect of German.
I struck up a convo because he was staring at currency charts and scribbling in a notebook.
Adjusting his algorithm he explained. He doesn't trade the USD (too many do that already), just other currencies. He makes 12% annually following his algorithm.
I asked if he likes Bitcoin.
No, he isn't interested in stocks or Bitcoin because they react to news, and it's too complicated to trade.
He explained he hadn't done any formal studies and worked as a seasonal farm laborer. The next apple and cherry harvest in Australia was going to put some cash in his pocket.
Farm work grinds down more than strengthens. Carrying 20 pound belts up fruit trees is not easy on shoulders and backs.
He was struggling with the yield question. How to make money from money versus working.
It's ironic that he finds himself far away from the farms of northern Italy in Bitcoin country and dealing with currencies but still not into bitcoin. It will be the perfect fit if he will be able to apply his algorithm ideas to Bitcoin.
I just don't see any trading being useful apart from perhaps selling and buying back covered calls on Micro$trategy. But I haven't figured that one out.
Making 12 percent when the stock market is going down is a very useful skill. Maybe in 2026 I'll be asking him about his algorithm.