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BMT vs ET
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BMT vs ET

  #1 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,215 received

BMT vs ET


Quoting 
So, lets cut to the chase. For the last few months, I have seen a lot of hype about futures.io (formerly BMT). Let us analyse which one is better - futures.io (formerly BMT) or ET.

Vendor Policy
On careful analysis, I have concluded that futures.io (formerly BMT) is engaging in sleek marketing trying to lure newbies into buying stuff from the vendors on their site and my humble submission is that futures.io (formerly BMT) is getting paid a cut from all those vendors.

ET on the other hand - just charges a subscription rate to its vendors and as far as I can say Baron never promotes any vendor. Big Mike on the other hand can always be seen to recommend this and that vendor. LOL - it is such a giveaway on Big Mike's true intention.

My humble submission is that the a big part of business model of Big Mike is geared towards using his forum to sell vendor services. Sometimes directly, sometimes disguised. Very Cheap Indeed!

Banning Policy
I personally think futures.io (formerly BMT) banning policy is good - however I know a lot of very smart people get banned there - if they attack vendors. In this regard, ET is WAY BETTER.

Few months ago, I personally started a 500+ page thread raising questions on "true" underlying business model of a company on ET. That thread generated intense debate and that thread forced that firm to become a sponsor here to counter the (negative) publicity. However, never ever did Baron or anyone else sent me a note saying that I should stop. My Hats off to Baron!!!!!!!!

Overall Quality of Posters
The quality of posters there is low compared to ET. Their journal section is a total joke. Everyone is trying to make money but noone is profitable. LOL. 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. People even with investment bank pedigree post on ET - some notable examples are AmazingIndustry, Rationalize, sle and many others. ET attracts a lot of wannabes and a lot of successful professional traders. futures.io (formerly BMT) on the other hand "mostly" attracts wannabes.

More Successful Business
Bad boys always win! However, overall - I am sure that from business perspective, futures.io (formerly BMT) makes far more money than ET.

Finally something good about futures.io (formerly BMT)
I admire the way Big Mike has created his forum software. That guy has come off pretty fast in 3 yrs he has been around the block. Baron, on the other hand is now only catching up with latest in technology.

Freedom of Speech
For anyone here who thinks futures.io (formerly BMT) is way better, please feel free to post a link of this thread on that site. You will get a stern warning and will be kicked off. LOL. Whereas, if you can find a thread criticizing Baron or ET on another site and post its link here, you will not get banned. Only ET allows freedom of speech.

So, newbies and guys starting out in this business, dig through old wisdom on ET threads instead of getting lured through sleek marketing of other forums. ET has much more quality info compared to other forums.

Posted from:
Forums - futures.io (formerly BMT) is way overhyped and misleading Vs ET

As forwarded to me by a member.

Feel free to discuss.

Mike

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.
6)
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.

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  #2 (permalink)
Elite Member
Dartmouth NS
 
Futures Experience: Intermediate
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bnichols's Avatar
 
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Just

And this: bet ET's dad can beat futures.io (formerly BMT)'s dad too.

 
  #3 (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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,215 received


I normally don't engage with people who think like this, because it's just a waste of time. I have nothing to prove and let the site speak for itself. But I thought I would go ahead (probably a mistake...) and reply to a few things:


Quoting 
Vendor Policy
On careful analysis, I have concluded that futures.io (formerly BMT) is engaging in sleek marketing trying to lure newbies into buying stuff from the vendors on their site and my humble submission is that futures.io (formerly BMT) is getting paid a cut from all those vendors.

ET on the other hand - just charges a subscription rate to its vendors and as far as I can say Baron never promotes any vendor. Big Mike on the other hand can always be seen to recommend this and that vendor. LOL - it is such a giveaway on Big Mike's true intention.

My humble submission is that the a big part of business model of Big Mike is geared towards using his forum to sell vendor services. Sometimes directly, sometimes disguised. Very Cheap Indeed!

By far, the greatest number of banned people on futures.io (formerly BMT) are vendors. Vendors range from "trading educators" to "brokers" that stoop to all kinds of tactics in order to promote their product. Some big named brokerages have created duplicate accounts and pretended to be users, talk trash about competitors and then praise themselves. It's happened multiple times for futures brokers, it's happened probably dozens of times for forex brokers, and it's happened dozens of times more for just general "educators" selling stuff.

I get approached by countless vendors every week that want to pay me money in order to advertise on the site. I say no to 99% of them. These are vendors that you will find advertising on other sites like ET, but that I want nothing to do with. It is not about the money. If it was, I would be like the other forums and let them advertise.


Quoting 
Banning Policy
I personally think futures.io (formerly BMT) banning policy is good - however I know a lot of very smart people get banned there - if they attack vendors. In this regard, ET is WAY BETTER.

Few months ago, I personally started a 500+ page thread raising questions on "true" underlying business model of a company on ET. That thread generated intense debate and that thread forced that firm to become a sponsor here to counter the (negative) publicity. However, never ever did Baron or anyone else sent me a note saying that I should stop. My Hats off to Baron!!!!!!!!

I'd like the poster to provide the futures.io (formerly BMT) usernames of people that he says are "very smart people that got banned for attacking vendors". That is completely ridiculous, so lets have the names and we'll discuss.


Quoting 
Overall Quality of Posters
The quality of posters there is low compared to ET. Their journal section is a total joke. Everyone is trying to make money but noone is profitable. LOL. 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. People even with investment bank pedigree post on ET - some notable examples are AmazingIndustry, Rationalize, sle and many others. ET attracts a lot of wannabes and a lot of successful professional traders. futures.io (formerly BMT) on the other hand "mostly" attracts wannabes.

I of course strongly disagree. futures.io (formerly BMT) hands down has the best posters of any trading forum in the world. I won't spend any time trying to convince someone. If they can't see it for themselves, then I would rather they leave because I don't want them here.


Quoting 
More Successful Business
Bad boys always win! However, overall - I am sure that from business perspective, futures.io (formerly BMT) makes far more money than ET.

I wish! LOL. Baron's site has been around a long, long time. Although we have overtaken in terms of activity, he still has more site related revenue than I do. Like I said before, it's not about the money for me. Perhaps that is why futures.io (formerly BMT) is so different than other forums.


Quoting 
Finally something good about futures.io (formerly BMT)
I admire the way Big Mike has created his forum software. That guy has come off pretty fast in 3 yrs he has been around the block. Baron, on the other hand is now only catching up with latest in technology.

Thanks.


Quoting 
reedom of Speech
For anyone here who thinks futures.io (formerly BMT) is way better, please feel free to post a link of this thread on that site. You will get a stern warning and will be kicked off. LOL. Whereas, if you can find a thread criticizing Baron or ET on another site and post its link here, you will not get banned. Only ET allows freedom of speech.

So, newbies and guys starting out in this business, dig through old wisdom on ET threads instead of getting lured through sleek marketing of other forums. ET has much more quality info compared to other forums.

I don't post on ET, so I decided instead to respond to you here on futures.io (formerly BMT). I don't know your futures.io (formerly BMT) username, or if you even have an account here. It seems clear to me you really have no idea about futures.io (formerly BMT) based on what you wrote. Again you say we ban people for disagreeing with us, so I am waiting to hear the specifics from you so we can discuss.

I started futures.io (formerly BMT) years ago because I could no longer stand other forums that were full of childish behavior and "trolls". You had to read 20 pages of crap in order to read 1 useful post. All the mudslinging was ridiculous, so since I have a strong technology background, I thought I would create my own forum. 3.5 years later, the community has spoken and I am extremely proud of what we've accomplished together. futures.io (formerly BMT) has surpassed the other forums in terms of site content, quality, and trading activity, and I am very proud. Baron was an innovator 12 years ago when he started ET and he is to be congratulated for the service he provided to the trading community all those years ago. But if I were Baron, I would not be proud of what ET has become. I will do my best to make sure futures.io (formerly BMT) does not have that same destiny.

Mike

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.
6)
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.

 
  #4 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 633 given, 740 received

futures.io (formerly BMT)= a community

ET = a cluster F*ck


futures.io (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.


"If I agreed with you, we'd both be wrong."
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  #5 (permalink)
Elite Member
San Antonio, Tx
 
Futures Experience: Beginner
Platform: Ninjatrader
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Favorite Futures: ES
 
Posts: 42 since Jul 2012
Thanks: 60 given, 25 received

futures.io (formerly BMT) was like a lighthouse that got me pointed in the right direction towards getting a real trading education. If there was no forum and just the webinars the cost of elite membership would be more than worth it. The other place, not so much. Maybe just me though.

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  #6 (permalink)
Elite Member
Buckeye Nation
 
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addchild View Post
futures.io (formerly BMT)= a community

ET = a cluster F*ck


futures.io (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.


C'mon now ladies and gents. Let's not use this kind of language. Just when we (futures.io (formerly BMT)) are arguing that we (futures.io (formerly BMT)) are a better forum that the other forums. Let's state facts about why futures.io (formerly BMT) is better, instead of just insults.

Just my opinion. No need for name calling

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  #7 (permalink)
Elite Member
Bay Area California
 
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Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 633 given, 740 received


kulu View Post
C'mon now ladies and gents. Let's not use this kind of language. Just when we (futures.io (formerly BMT)) are arguing that we (futures.io (formerly BMT)) are a better forum that the other forums. Let's state facts about why futures.io (formerly BMT) is better, instead of just insults.

Just my opinion. No need for name calling

I dont mean to insult, I occasionally post and read on ET as well, and I don't mean to name call, but for me ET is often like digging through the wreckage of a plane crash to find the black box. Where in comparison futures.io (formerly BMT) is well organized and has a great search utility.

futures.io (formerly BMT) is smaller and that's a good thing, I can follow peoples ideas from conception through development without being drown out by noise.

I do worry about how futures.io (formerly BMT) will develop as it continues to grow, being that it is run entirely by two people (mike and sam?). Hopefully futures.io (formerly BMT) wont suffer from economies of scale.

"If I agreed with you, we'd both be wrong."
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  #8 (permalink)
Elite Member
In the heat
 
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Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

I spent some time on ET before futures.io (formerly BMT). I found it a treasure trove of flame wars, massive amounts of crap hiding the occasional nugget of wisdom.

I know futures.io (formerly BMT) has its detractors but in all honesty, people are friendly here and the rules against flaming and shameless self promotion are really good.

Keep up the good work @Big Mike

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #9 (permalink)
Elite Member
Cincinnati Ohio
 
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Silver Dragon's Avatar
 
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As a matter of human nature you criticize and demean the ones you fear. I think the post from ET speaks for itself.

Or it could be someone you banned. In which case it is temper tantrum and should be ignored.

Robert

nosce te ipsum

You make your own opportunities in life.
 
  #10 (permalink)
Elite Member
zürich/ switzerland
 
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philipp's Avatar
 
Posts: 128 since Nov 2010
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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

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