The best live chat rooms for options?

tradingpoker said:
ty for the reply

I had a look at his site, seems like the rest of the sites that charge.

What are your thoughts on why he is so good?

thank you again
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he is a very good trader and a very powerful system. worth the money. he's trading for 20 years and started teaching only 2 years ago.
and the most important thing, and I say it also to the suspicious drcruz, he's doing everything live!!!
3 days free trial in his room. check it out
 
drcruz said:
I took a peak at Jtrader's sight. I would be very cautious of someone claiming >70% win rate for long option positions. My understanding is a typical trend trader is 30 to 40% win rate (for options that would be long puts or calls; @ironchef what's your win rate?). I think those who add fundamentals or a news catalyst to the decision making get a 50 to 60% win rate. I don't know what kind of win rate a swing trader gets (they sound like trend traders on a shorter time frame to me though)

Short option positions have high win rate because the trader is betting the market will continue to go in the primary direction, side ways or even slightly against. But because of vega and gamma any fast or large move against you (even if position is still OTM) can show a loss. And if not careful the losses can be big.

I'm a short options trader. Failed at directional trading, the why would be for another post. I've taken my lumps from big news announcements and earnings. It took about 3 years to figure out how I wanted trade selling premium
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see my replay to tradingpoker
 
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