About pebblewriter

I left Wall Street in August 2001 (95th floor of World Trade 2...timing IS everything) and continue to trade for fun and profit. I hold undergrad degrees in Math and Econ, an MBA and am a CFA. Which is all to say -- I have no excuse for the miserable mistakes I often make. This blog serves as a means to keep myself honest and my thoughts organized. It should not be construed as advice regarding any particular strategy or security.

The Case for Active Trading

For most investors, there’s nothing wrong with passive investing.  Most of the time, it works just fine: minimizes expenses, avoids “underperformance” and saves taxes.  And, it’s becoming increasingly popular.  JPMorgan estimates that fundamental discretionary traders account for only 10% of daily trading volume. But, we all remember 2007-2009, when a little market timing would have … continue reading →

Was That It?

Aside from the troubling headlines, yesterday’s price action was driven by continuing weakness in the USD (especially USDJPY) and oil’s inability to push through important overhead resistance. This morning, oil is pushing above that resistance.  We won’t see EIA inventory data until tomorrow, due to the holiday.  So, it remains to be seen whether traders … continue reading →