I was in the marketing business for over 40 years and learned one important lesson early on---If you don't attach value to something it will over time become worthless and abused. You would be surprised how even a few bucks will weed out the overwhelming majority of abusers and pretend traders. I have been to chat rooms all over the internet and have found that most ("trade2win" for instance) are pure crap populated by critics and full time paper traders. How can a guy with thousands of posts credited to his account find time to actually trade? And how can this guy contribute anything of value?
I have been an elite member since the beginning and have found this site invaluable not only for indicators but, more importantly, for support ideas when I can't get Ninja support off their butts and general trading ideas.
I also think that, if you charge, the quality of the posts will increase dramatically. Frankly, if the present free members do not
by now realize the value of futures.io (formerly BMT) enough to pay a few bucks on a quarterly or annual basis...let'em go.
I have mixed feelings about this. Some people may just not have much to say and be here only to learn. If some join to just read posts and download free indicators, is not a crime. He might not have anything to give back (yet). However, if some one join just to download indicators and then repost it on his site or whatever, $50 will not stop him. The membership will need to be way more expensive to stop such people. But in this case, 90% or more of the users will be "punished" to stop 10% or less.
I completely agree with your idea to limit the downloads to elite members if somebody cannot afford to support or will not support the site with 50$ it's better that he will not downloads anything
Broker/Data: Mirus Futrues, Zen-Fire, IQFeed, Kinetick
Favorite Futures: 6E, CL, GC
Posts: 132 since Apr 2010
Thanks: 22 given,
Elite only for ALL downloads?
Anyone who has read my posts know the deep appreciation I have for this community and Big Mike. I think the word "FREE" used to mean something positive. But now, people seem to associate it with "you get what you pay for". "Free" now means "Free Junk" to most people and if it has any real value most don't appreciate it.
I'm not blaming the herd for this mindset. Most free stuff...especially in trading...is worthless. Conditioned response.
So, let's get those goodies out of the freebie bin and put them in Elite. There just isn't any downside.
Now, this is just my opinion, but if membership to this futures.io (formerly BMT) community isn't worth a $100 tag then nothing is. Grandfather the gang in but consider getting the Elite membership fee more in line with it's true value. Credits could be given for Elite uploads but there needs to be some ham on the plate, too.
Anyone caught plagiarizing anyone else's work is immediately ostrasized and burned as a witch.
Last edited by rogerf; September 5th, 2011 at 03:49 PM.
As a guy with 1 post to his credit I will chime in...LOL
Not sure if anyone has suggested this as I haven't read all of this post yet but maybe lower the price for Elite access? I DO like the lifetime option but at a lower cost and instead of 3months maybe a yearly would work better for some? I think alot of sites do a yearly option for say 20$....which seems to me is a sweet spot for most people.
I am not trying to insult anyone with my humble opinion...Also sorry if i am rambling but I was outside cutting the lawn and the sun has gotten to my brain...enjoy the holiday!
There are precious few trading forums with this high level of quality. Elite membership is a small price to pay to retain this value. Restricting membership by numbers of posts will discourage serious new traders who would otherwise be only too happy to purchase an Elite membership. Mike, you have organized a terrific site and restricting downloads to Elite members seems quite reasonable. Best wishes.
I do agree with the idea of providing some protection to the content. What about using some kind of CAPTCHA to prevent/limit the bots. Maybe combine that with some download limit/frequency for non-elite members?
I think it's fine to charge a membership fee if the content is "worth it". However, you may be making it more difficult to determine that by placing the elite members only downloading restriction.
(Apologies if these points are duplicates to others in the thread - no time to read all of it first).