In terms of expense. An Elite Membership for a lifetime is only equal to some webservice one month's subscription fee. There is another site about thinkorswim scripts charge $75 lifetime and I still think worth it(no names, as futures.io (formerly BMT) policy). And this forum is worth miles more than the one I mentioned.
In terms of value. I have been studying many weeks from the futures.io (formerly BMT) forum. The time I put in really reflects the value the forum has. I am really enjoying spend the time in reading thread, and watch webinars. This is gradually become my No. 1 trading education resource, at least for now.
If people are serious about trading, spend sometime in the careful reading and thinking, then some moderate expense in education is a must. A Elite membership is a good way for filtering the noise from the web.
I often read in the threads, that some indicators are "elite only" and people have to go through the hassle to remind this to each other or relocate the file locations. That could be a time wasting procedures for all of the elite members. As elite member, we all want to have a smooth navigating experience. Overall, we want this to be a nice trading home/lounge, (I believe this is also one of your original purpose to set up futures.io (formerly BMT)), then setting up this elite filter is good way to protect elite members "home feelings".
Hope this could help.
Last edited by ilikeread; September 2nd, 2011 at 02:10 PM.
your proposed change, i think is not going to help in the context of above desires.
As u pointed out "Protection" is prime concern. Lets assume...i am a XYZ vendor and i steal hard work
from here and sell in multiple times....can any increase in elite minimum donation or shifting download
in elite only, stop me...?....simply no...i will pay higher and will continue silently....cant be protected. And in
fact doing so will simply magnify effect of point (1) and (2)....it sounds like.." Ok , i hv paid, nor disturbing any one...niether posting any thing...just downloading...thats what for i paid..."...how can this way stealing stop
and participation increase....?
It will simple change the meaning of "elite" tag from "elite" to "buyer"....nothing more.
Might need different solution...IMHO.
Harvest The Moon Nest The Market
The following 2 users say Thank You to devdas for this post:
Appreciate your work and feel mad that people abuse it. Is there anyway to put in a tag in the script, that only futures.io (formerly BMT) user could use? I am not a programmer, but guess this is doable. Also could use it to trace any abuse.
The following user says Thank You to ilikeread for this post:
As a new member who is still deciding what to do, my thoughts might be useful.
I have downloaded Big Mike's futures.io (formerly BMT)_Trading_Journal and some .pdf's. Much thanks!
I have no interest in downloading indicators.
Perhaps very important: I have been watching the active threads and have not seen ANY interesting elite trading threads go by. Does not seem to be much going on in there. Of course, that may also be because I am a price action FX trader who probably does not belong here.
I do not want my handle highlighted in red or yellow or any other special color. I will get a new handle if mine turns red.
I like the idea of not having my posts on Google.
$50 and the means to send it is not a problem for those of us in the developed world, but it may be a problem for many outside.
as far as indicators created by futures.io (formerly BMT) members, sure good idea.
but what about those indicators "stolen" from somewhere else? I'm "guilty" of that. a friend found a good indicator, he gave it to me and I posted it here. stuff like that. and that person (who created the indicator) could say the same thing: I made that indicator and now futures.io (formerly BMT) is selling it (through elite membership).