I am brand new by only a couple months. Early on, I saw the value of the Elite Status and paid the $50 willingly. Since then, I've gained much more than $50 in education. I personally wished I had found this site 2 years ago. I think the money spent for Elite Status is some of the best investment in my trading education to date. I am one who has never posted until now and part of that reason is I've tried to read as much as possible and watch webinars to expand my learning curve all the while gaining more screen time in real life trading.
restricting yourself to a paysite only discourages people from investing their time especially money. trading can be costly enough, I dont mind if you do something like TRO where he posts some indicators as free and others as donation only. if you go as far as restricting most of the board quite frankly I would see no point in staying, I have found some info here useful. mostly in deciding against every commercial platform to date since none meet my needs.
good luck to you whatever your choice.
The following user says Thank You to Dracozny for this post:
I am a passive futures.io (formerly BMT) user. I do a lot of reading though not a lot of contributing. For this I at least thought I should pay the amount to be an Elite member and would it would make sense to me that anyone on this site who wants to access files become an Elite or paid member.
The contributed value of what is created here at futures.io (formerly BMT) is profound. I am sure we all know that it is people that make the trading/investing work and not any given system. I personally feel that if there are a minimum number of posts to be made, there would larger quantity of information and far less quality. It would however filter the committed from the uncommitted.
I am a full time EOD swing trader on US stocks looking at price volume spread action and use different volume indicators to read the market sentiment all which have come from futures.io (formerly BMT) to save me outsourcing programming. I also lead a team of FX day traders in an investment company and reference people to futures.io (formerly BMT) to find information because it is so resourceful. This may be the exact thing you are trying to reduce?
I will support your decision either way. I just wanted to give you my perspective of how I use and promote futures.io (formerly BMT) currently.
I hardly ever post, because as many say, I don't feel I have too much to offer. However, the indicator downloads and elite threads are valuable, and that is why I became an elite member early on. Protect the integrity of the site Mike, you have my vote!
I'd keep some info for the non-paying people. Allow screenshots, a few basic webinars, etc. Then other privileges, all downloads, etc for the elite members. Something to keep in mind...not everybody is a "poster". My time is limited because i work full-time. I read a lot when topics interest me; download indicators that i like to try, etc.
Mike, it's a sad situation when people 'steal' the work of dedicated members and use or pass it on as their own...I can see elite only status to access downloads. The other ideas would hurt me and others who don't do a lot of input because we can't write programs or don't have a method that is making money for us. When your fighting to learn and make a profit, it's tough; and this place is a blessing to everyone that is trying to make it trading, and when possible, pay back to everyone else. Elite status does seem like the logical solution. Just my 2c...
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Mike, I agree with your suggestion to make all downloads for Elite Members only. The value of this forum is without question the greatest value that I've come across in my short time trading. Not only are the members generous of their time and advice but the indicators are extremely valuable.
I hardly ever post, as many have said, I don't feel I have too much to offer at this time. However, the indicator downloads and elite threads are very valuable, and that is why I became an elite member.. Make the site elite only if you think it will help. The small fee that you charge to be an elite member is nothing compared to the thousands paid out to learn trading or how not to trade. Protect your site as you think best, you have my vote whatever you decide!
Mike, I suggest to differentiate the indicators into "chargeable" and "free" categories. The contributor will have to decide where to place his/her indicator for member to download. A elite member should be given an incentive, e.g. getting a better price for chargeable indicators than someone who is non elite member.