BMT vs ET (Page 2) - Feedback and Announcements | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Feedback and Announcements

Started:February 5th, 2013 (10:05 PM) by Big Mike Views / Replies:5,494 / 36
Last Reply:February 8th, 2013 (10:26 AM) Attachments:3

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Closed Thread
Thread Tools Search this Thread


Old February 5th, 2013, 11:09 PM   #11 (permalink)
Elite Member
Fort Lauderdale
Futures Experience: None
Platform: NinjaTrader 7
Broker/Data: CQG
Favorite Futures: ES
Devil Man's Avatar
Posts: 429 since Oct 2009
Thanks: 1,304 given, 522 received


wow! I been a member of Big Mike's awesome site since '09 and I can't tell you how much I've learned from Mike and many others generosity.... and shamefully have not been able to pay it forward for one reason or another.

37,000+ members here and going strong!

-oh and btw, if you're looking for a fight you'll get one!....I been bounced out the back door by @wldman a few times....and loved every second of it! (chicago pit reality check)




Old February 5th, 2013, 11:18 PM   #12 (permalink)
Elite Member
Georgia, US
Futures Experience: None
Platform: Various
Favorite Futures: Various
josh's Avatar
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,193 received

At least here on ET - we have and had great successful profitable traders - lescor, atticus , acrary, ammo, volente, daal, Cutten, sellindexvol, rallymode and a whole bunch of others.

.... is all I can say.

I'm sure the person who wrote this has seen plenty of account statements to verify of course.

And, last time I was there, I know two of those mentioned only had a sell button, and are quite well known to only short bull markets, and make it part of strategy to add to losers already down 30-40 ES handles... If this type of trader is listed in the "good" category, well, I'm not sure what that says about the rest. Yeah, successful, profitable.... keep dreaming.

The bottom line is that ET is like the Mos Eisley Cantina (damn I hate SW references but it fits). People get killed, brawls break out, and all the insecure big boys swing their you-know-whats around. (formerly BMT) is where people actually have civil conversations, even though there are disagreements, but to disagree is often to learn from one another. But Mike keeps it civil enough to be productive and doesn't let things get too off track.


Old February 5th, 2013, 11:53 PM   #13 (permalink)
Elite Member
Cleveland Ohio/United States
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
Posts: 2,179 since Jul 2012
Thanks: 999 given, 3,939 received

If you can ignore the trolling, insults, extreme bullying and harassment that dominates at ET, then there is some good info available ( I liken it to dumpster diving). I honestly think some people thrive on the negativity at ET. At ET, I think there are a lot of these people: "I lost money trading, so I am going to bash anyone who says they are successful, because if I could not do it, then no one can."

But if you want neighborly behavior and some good discussions, then (formerly BMT) is a great place.

I used to post a lot at Tradestation forum, which has pretty good moderation, but I got sick of the trolls there. That is why I am here.

I know of one other trading forum that is upping its moderation, and deleting "flame" posts a la Mike. Hopefully Mike started a trend that will continue everywhere.

The following 2 users say Thank You to kevinkdog for this post:

Old February 5th, 2013, 11:54 PM   #14 (permalink)
Elite Member
Surf City NC
Futures Experience: Advanced
Platform: Ninjatrader,Think or Swim
Favorite Futures: Stock/Futures/
quantismo's Avatar
Posts: 213 since Jul 2011
Thanks: 304 given, 145 received

Elite Trader (LOL)

That site is a joke and should not be called Elite in any manor or form. It should be called (Reading A Thousand threads of mostly dribble and learn to trade even worse). I personally think the Quality of (formerly BMT) site is extreemly apparent if anyone has spent some time here. I dont think Such famous Traders and writers such as Al Brooks and countless others would bother to be interviewed by by Big Mike and be associated with this forum if this wasnt one of the best quality forums for traders out there.

Just my 2 cents..



Old February 6th, 2013, 12:16 AM   #15 (permalink)
Elite Member
las vegas
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
Posts: 1,147 since Feb 2010
Thanks: 304 given, 832 received

Futures Edge on FIO
His derogatory comments toward struggling traders as "wannabes" is all I need to read to disregard his statement.


Old February 6th, 2013, 12:24 AM   #16 (permalink)
Market Wizard
Auckland, New Zealand
Futures Experience: Beginner
Platform: Sierra, NT
Broker/Data: AMP/TT & NT/Continuum
Favorite Futures: ES
Posts: 1,782 since Sep 2009
Thanks: 3,100 given, 1,294 received
Forum Reputation: Legendary

philipp View Post
didnt even knew et

since i joined this forum, i havent been to any other trading forum.

simply no need.

this forum offers so much more than i have expected.

the 50 bucks for my elite membership where the most valuable add to my trading.

thanks @Big Mike

Exactly the same for me. I travel to no other trading forums. I think when I signed up for (formerly BMT) I also signed up for a few others but have never traveled away from (formerly BMT) - so what does that tell you!!

All the reminder emails from Traders Laboratory to make my first post etc go straight to the bin.


Old February 6th, 2013, 02:01 AM   #17 (permalink)
Site Administrator
Manta, Ecuador
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 45,447 since Jun 2009
Thanks: 28,847 given, 79,598 received

Read this tweet earlier, and loudly proclaimed


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Last edited by Big Mike; February 6th, 2013 at 02:14 AM.
The following 2 users say Thank You to Big Mike for this post:

Old February 6th, 2013, 02:40 AM   #18 (permalink)
Elite Member
Zurich Switzerland
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES, 6E, CL
Posts: 404 since Sep 2009
Thanks: 64 given, 510 received (formerly BMT) vs ET?

Nice to have both (and others) to pick the good stuff.
Dont care about who's daddy is the best.

The following user says Thank You to terratec for this post:

Old February 6th, 2013, 04:09 AM   #19 (permalink)
Elite Member
@ Germany
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: FDAX
Posts: 424 since Nov 2011
Thanks: 232 given, 359 received

Sometimes when i don't find the needed information here at BM i'm going to ET. After a short time i'm completely lost, don't find anything and knowing why i don't use ET regularly. The BM forum software and style and functions are years ahead of the ET site. Thats a big advantage and for me it's important to find informations quick and reliable.

Big Thanks to @Big Mike to keep the forum state of the art and keeping in touch with your members and their needs.


Old February 6th, 2013, 05:25 AM   #20 (permalink)
Elite Member
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
Posts: 88 since May 2012
Thanks: 53 given, 90 received

Baron sacrificed quality for quantity on every turn. For years, he tolerated the sponsor Alex Wasilewski posting on ET before he finally stopped that. Michael Covel can still post, though. The moderator ElectricSavant was tolerated for years before finally banned. Nkhoi, the mod who brought back Jack Hershey, is still there. Jack Hershey, Spydertrader, Nkhoi are evidence of how much Baron cares about quality trading discussions. He rather had contributors with integrity like MarkBrown censored by the mods protecting Jack Hershey. Activity of any sort and the ad revenue generated from it are still king on ET. It's sad to see what ET has become over the years, but in my opinion, deservedly so. Now that there are alternatives, real traders seeking a serious discussion don't put up with that kind of place anymore.

Thanks Big Mike for providing the most well run trading forum I've seen.

The following 2 users say Thank You to Outlier for this post:

Closed Thread > Futures Trading, News, Charts and Platforms > Feedback and Announcements > BMT vs ET

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
BMT Envelopes/BMT Collective Method Dragon The Elite Circle 67 March 14th, 2016 11:09 AM
How fast is BMT? Big Mike Feedback and Announcements 7 August 23rd, 2011 11:35 AM
Photo BMT tony2604 Traders Hideout 4 August 2nd, 2011 04:15 AM
WHY BMT ? redratsal Psychology and Money Management 11 December 16th, 2010 02:09 AM
Using BMT deltaman Beginners and Introductions 2 December 6th, 2010 12:06 PM

All times are GMT -4. The time now is 11:21 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-26 in 0.21 seconds with 20 queries on phoenix via your IP