BMT vs ET - Feedback and Announcements | futures io social day trading
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  #21 (permalink)
Market Wizard
Birmingham UK
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: E2T/Rithmic
Favorite Futures: YM
ratfink's Avatar
Posts: 3,625 since Dec 2012
Thanks: 16,740 given, 8,200 received

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

Same here. Thank you Mike and all who post here in the spirit intended (which is very noticeable.) I'm still a baby in here but in 13 years it is enough treasure to complement my own work and that's all I could ask.

Travel Well
  #22 (permalink)
desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, IB
Broker/Data: AMP/wCQG, TDA, IB
Favorite Futures: CL,NQ,YM
Posts: 2,065 since Jul 2011
Thanks: 2,264 given, 1,604 received

ET has some older history of useful information but difficult to find. Like others have said, it's like searching through a dirty old sawmill and haystacks, an almost unorganized morass. The web design and functionality of the site controls seem like it's never been updated in ten years. The culture there seems to be like BBS-style anonymous where there are no avatar pics, and there is no "thanking" or rating system. The moderators , if there are any seem to be not much more than automated bots. ET has immense posting participation and journals also, however unmoderated like almost anything goes. Overall (formerly BMT) is more fun and supportive to hang out at, although I do make the occasional trip to ET to search for extra information and more "reviews".

Last edited by Cloudy; February 6th, 2013 at 09:05 AM.
  #23 (permalink)
Legendary Market Wizard
Chicago Illinois USA
Trading Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
wldman's Avatar
Posts: 2,508 since Aug 2011
Thanks: 1,232 given, 3,770 received

Sorry Devil...

Sorry that I get a little aggressive from time to time @Devil Man . I'm trying to keep in in check unless someone is about to be

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  #24 (permalink)
Dartmouth NS
Trading Experience: Intermediate
Platform: MC, MC.Net, NT, TWS
Broker/Data: IB / IQFeed / Kids
Favorite Futures: Forex, stocks
bnichols's Avatar
Posts: 638 since Feb 2010
Thanks: 64 given, 460 received

Personally I'm on this site to learn from other traders and share what I know, not to socialize, and in my experience (formerly BMT) is the best site for that purpose. IMO what makes it great is the vision of the administration and caliber of moderation which attracts the sort of talent I want to rub shoulders with (but also because the site suppresses puerile, uninformed, irrelevant and provocative blather of the sort quoted in the first post which drives me stark, raving bonkers).

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  #25 (permalink)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 47,168 since Jun 2009
Thanks: 30,058 given, 87,980 received

Good for lots of laughs, this guy.

An example: I created this thread on shortcomings of MC. I can do that freely here on ET without any repercussions. And supposedly members at (formerly BMT) are smarter than ET members. LOL. Why was this thread not created on (formerly BMT). You know why - Big Mike?

Completely ridiculous and inaccurate.

BigMike/Josh - if you are reading this - you should refute my statement by putting forward names of successful traders on (formerly BMT) who actually make money, rather than saying things like you guys are a good and helpful community.

I'll be sure to send my medical files and 10 years of tax reports as well. Again, ridiculous.

Approximately 30,000 elite members paying 50$ make it around 1.5 million. Baron doesn't get anything like this.

Roughly Baron gets 25k pm in advertising revenue, so that is 300k per year. Say, (formerly BMT) and ET get same money in Ad revenue per year - anyway it is inconsequential compared to 1.5 million above that Big Mike has got over the last 3 yrs.

Information on ET's Ad revenue can be estimated from this thread. My guess is Big Mike is making even more in Ad revenue and definitely he is taking "kick-backs" from the vendors.

Elite Trader Media Kit

Your insanity is showing. 30k elite members?? You are out of your mind. It is true that most of the active members of the site are Elite Members, but you clearly don't have the slightest understanding of how social media works to arrive at your figure.

I am not taking kick backs from vendors. Dangerous ground making such an accusation, so you had better prove it. I turn away vendors left and right because they want to work on 'affiliate' models (aka kick backs). None of that crap is allowed on my site, but you will definitely find it on other trading forums.

I already told you that Baron has way more ad revenue than me.

Some public analytics:

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

You'll notice that even though the trend is quite clear on both, ET still shows a higher figure on the chart. Plus on (formerly BMT), Elite Members can (and do) disable ads. We ask them not to, but it is up to them if they want to disable them in their user control panel on the site.

ET also has a lot more "sponsorship" slots all over their forum and generates a lot of money from that. We don't have anything similar. Without a doubt, Baron is making more in ad revenue. And he should be, his site is 4 times older than mine so he has a lot of history and a lot of business relationships that work to his advantage.

My estimate is 80% of all members are paying members. One quick way to see that is when you open bmt homepage, on the bottom of the page - you can click to show all the guys who visited in last 24 hrs. It will list all the guys there - Elite guys are in yellow - A quick glance shows that almost 80-90% are in yellow.

However, this is all possible that say only 25k are active instead of 37k and so out of those 25k, around 20k are paid guys.

Am I going to tell you how many Elite Members we have? No I am not. I also am not going to tell you my net worth, nor show you my tax returns. But your math is way, way off. It's not even remotely close.

Seriously, why will Big Mike say that he makes more than Baron? His site is already being questioned for not holding to our rights under First Amendment, playing upto vendors etc. etc..

WTF are you talking about.... the site is private, you do not have a constitutional right to be here. I take it you were banned on (formerly BMT), probably for posting rude and ridiculous posts like what you are doing here on ET, and now you just spend all your time picking fights.

You have it all wrong about vendors. I get threats of legal action constantly from vendors who demand I remove the negative reviews about them on my site. I stand up for and fight for those to stay. I can also tell you without a doubt, that other forums have removed threads at the request of a paid sponsor because the thread put the sponsor in a bad light. I have received a few such requests myself, and I have NOT respected the request and I made it clear to the sponsor that this isn't that type of business arrangement.

Naturally, if a user is being rude and obnoxious, then they will be banned. Unlike other forums, we don't allow that type of activity here.

So you have it completely backwards... once again.

Quoting (formerly BMT) is like an overhyped stock and I am an activist - Think Carl Icahn. So, based on my thread, either Big Mike changes his attitude and becomes more open to criticism on his site or else - I hope to bring to the fore overvalued and overhyped current state of his site. To some degree, its like shorting an overvalued stock.

Get ready for the short squeeze.

Now, for the first time, ET is being discussed on (formerly BMT)!!!

Before this, Mike used to make sure that noone at his forum could discuss any of his competitors openly - especially ET. So, in some sense - this thread has already forced Big Mike to open up.

Completely false, once again. While other forums have strict policies for not allowing competitor websites to be mentioned or linked to, (formerly BMT) does not. We also don't have a word censor unlike other forums which are forced to implement them due to their audience. We are adults here.

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We do not delete links. As you can see, there are over 500 results in Google's index linking to ET from (formerly BMT).

Whatever comes out of this thread or if nothing comes out of this thread - I consider this thread already a success in that it has forced Big Mike to amend his ways - in which he was suppressing our first amendment right.

I am sorry to inform you that I have changed nothing. The only thing that has happened is I have had a good laugh, you have made a fool of yourself, and we both have wasted a great deal of time.


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The following 12 users say Thank You to Big Mike for this post:
  #26 (permalink)
Trading Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
kronie's Avatar
Posts: 798 since Oct 2009
Thanks: 216 given, 508 received

addchild View Post (formerly BMT)= a community

ET = a cluster F*ck (formerly BMT) is still young compared to ET, I hope we don't move in that direction.

I have lots of other comments, but I feel other people with more enthusiasm for typing will cover any key points I would hit.

ET doesn't hold a candle to (formerly BMT),

not even a dim one.

there is more credibility in the quality of most (not always all) participants on (formerly BMT), than ever, on ET

ET is around a lot longer, but appeals to a vastly different crowd,

if some over educated formerly employed MBA (and higher), who is no longer in his prior job (Managing Director, Head Trader, Division Head, whatever, then when they come down to the real Wall Street, where the high school drop outs and unemployed janitors walk, then they are just as ordinary and common as others on the threads, whether on ET or (formerly BMT).

to suggest that ET has more of these so called elites, is really meaningless. I am glad that BigMike refuted that claim, and stated he refused to trade barbs and insults over these issues.

any fool can succeed when he's given a finely tuned, well oiled trading operation to over see.

the challenge is can he reproduce that success on his own with no advantage what so ever?

when an honest answer results, then you'll choose (formerly BMT), not ET

when a self congradulatory (delusional) answer results, then you'll find good company on ET.

'nuf said!

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  #27 (permalink)
Market Wizard
Trading Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
Posts: 4,597 since Feb 2012
Thanks: 4,570 given, 9,302 received

Some neutral charts

About 99% of (formerly BMT) members know how to read a chart - here we go with some neutral
ones by - blue for ET - red for (formerly BMT) - comparison last 6 months:

Traffic Rank:

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Page Views:

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Time on Site:

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After this comparison - the trend should be clear - at least for (formerly BMT) members


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  #28 (permalink)
Denver, Colorado
Trading Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES, CL, anything that makes $$
Posts: 178 since Nov 2009
Thanks: 157 given, 74 received

BMT has a much nicer crowd

I have been a member of ET for some time, you need thick skin there esp. as a newbie. (formerly BMT) is a much friendly crowd.

  #29 (permalink)
Trading Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
Jigsaw Trading's Avatar
Posts: 2,915 since Nov 2010
Thanks: 805 given, 10,068 received

GFIs1 View Post
About 99% of (formerly BMT) members know how to read a chart - here we go with some neutral
ones by - blue for ET - red for (formerly BMT) - comparison last 6 months:

Traffic Rank:

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Page Views:

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Time on Site:

Please register on to view futures trading content such as post attachment(s), image(s), and screenshot(s).

After this comparison - the trend should be clear - at least for (formerly BMT) members


Can you send me that indicator please? I see a number of solid entries there.

You can call (formerly BMT) many things but pro-vendor ain't one of them. As an evil vendor myself, I think 'firm but fair' is the approach to vendors here. People are irrational when it comes to vending, so Mikes approach of having people he's checked out come & do webinars is being looked at as being some sort of mass shill.

You can't win.

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  #30 (permalink)
Tampa, FL
Trading Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: 6E, M6E, 6J
Xav1029's Avatar
Posts: 1,374 since Dec 2011
Thanks: 1,452 given, 3,360 received

Hata Blockaz

Here's a song @Big Mike should listen to : Acafool - Hater Blockers (Hata Blockaz) - YouTube Guess there was never an official music video made of this song

London Calling

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