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Why does Big Mike hate vendors? Why is FIO not free?


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Why does Big Mike hate vendors? Why is FIO not free?

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  #11 (permalink)
 Abde 
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@Big Mike,

Happy 4 Year Anniversary and many congratulations!

Donīt get to concerned about the google results - You get pity for free, jealousy must be earned.

To put it simply: futures.io (formerly BMT) Rocks!

Many thanks for all what you are doing, and keep up the good work.

Abde

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  #12 (permalink)
 Big Mike 
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Tasker_182 View Post
Hey BM,

I can imagine it is a real drama to maintain the integrity and bounce off vendors and others who stink up the place. I've never had a concern about the elite fee and I thought the $50 was well worth it as one of my first expenses (and still do!).

Your efforts are the reason why advertisers want to come here as they know you keep it real and thanks for that!

You wrote a lot and i could write a lot as well but it comes down to this, thanks and carry on futures.io (formerly BMT)!

Thank you. And the advertisers/sponsors have pretty much said the same thing.

Mike

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  #13 (permalink)
 Big Mike 
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wldman View Post
futures.io (formerly BMT) well worth it at many times the new cost structure.

I do not know why you feel like you need to answer or address the items in the original post...you do not.

I was an experienced career pro when I came here BUT, that not withstanding I hold futures.io (formerly BMT) as a resource equal or greater in standing than ANY other single beneficial item in the last 20+ years. I don't engage trolls or second quintile IQ's anymore as doing so could get me banned.

You are simply the best at what you do. You do a remarkable job with this site and as such deserve to make what ever the market for your product clears. Infinite value here. Please continue on the current course Mike and thank you very much for extending the privilege of membership to me. Very special thanks for not kicking me out when I've engaged idiots and been a jerk. Thanks also for reviving me when I'm OD'd on hopium.

I do not believe you need to explain yourself or defend what you view as best practice.

Be well Mike

Dan

Thanks Dan. I felt the need to create the thread/posts because I have been silent on the issue up until now, while others are yelling at the top of their mountains.

I just wanted to get my side of the story out, also known as the truth in my eyes .

Mike

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  #14 (permalink)
 Big Mike 
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pedalon View Post
@Big Mike,

Foremost, Happy Anniversary and Congrats!!

I have only been here a short period of time, but from the little time I have been here, it is evident that you bust your butt on administering and maintaining this site. When it comes to the forum posts, vendors, etc, you run a tight ship and don't allow the BS that could easily fill up the forums if you were like the other sites, and this is what makes futures.io (formerly BMT) so great - IMHO. Don't change anything that you're doing, except to find a way to take time off and enjoy some "me" time - you deserve it.

What you do here for us traders is appreciated more than words can describe. Keep up the great work, but get some R&R too.

Kevin

Thanks Kevin. I appreciate all the support from you, and from everyone. That is what keeps me going.

But, I am going to slow down a bit. I just can't maintain this current level. I am going to take some time off in July and I also have a 3 week vacation at end of September and beginning of October that I look forward to:



Some people think futures.io (formerly BMT) has a team of moderators. Actually, it's me doing 99% of things. @sam028 is great at helping with fighting spam posts, due to the time zone difference, he is usually on when I am usually asleep. So works great. And that's basically it! @Gary is around with admin rights, but doesn't really do anything with them except report some trouble posts on occasion.

During my vacation I will rely on them to keep everything going as I will be on a cruise ship with limited to no internet access.

Mike

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  #15 (permalink)
 Big Mike 
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xiaosi View Post
Big Mike, thanks for the thread and honest post.

I don't post much here, for the simple reason that i mostly spend my time reading. I am a moderator on another international site, of which I've been a member for nearly 8 years. I am a full time EOD trader, with some time spent so far on intra-day trading with break even success at best, its a tough line of work.

I have been through the beginners cycle, the cycle on which the unscrupulous vendors prey. It is fact that it is easier to make money in the business of trading, than it is to make money in actually trading as a business. When you are a beginner, you are searching for the easy fix, the holy grail. These vendors know this and they making millions selling it to you. There are however, a small percentage of real traders out there that hedge their trading income, by educating and mentoring others. I've been lucky enough to be associated with one for 7 years, and we have become good mates. Most of these people will tell you they do it for two reasons, one: to provide income through the inevitable draw-downs, and two: to give back to the trading community....

When i was introduced to Big Mike's, i was looking for a certain indicator. Another member introduced me, suggesting that it was entirely worth more than the $50. Since then i have learned so much about intra-day trading from the site, money well spent many times over.

I like the site because there is no BS, no praising vendors unless its a real review by trusted members. Things are very easy to find here as well. Off topic comments and mud slinging are not tolerated at all, which i also like.

I've seen almost every popular trading forum there is, been a member on most.....this is the most strictly moderated and its refreshing.

I'm not writing this to blow sunshine at Big Mike, just giving an honest unbiased opinion from someone that has seen allot in the last 7+ years.

Happy Anniversary and thanks for all the effort on the site, it doesn't go unnoticed.

Cheers,


XS

Hi XS,

Regarding making money in this business, yes I agree with you. And that is very unfortunate. Truly it is. Because what happens is there is an overwhelming number of bad vendors, or what some people call snake oil vendors. It's a disproportionate amount. But, there are still good vendors out there that are working hard to be realistic, honest, and fair. There aren't many of them, for sure. But that is why I have created the new Certified Trustworthy Vendor program, which I laid out a bit here:



I am quite delayed on the project due to having to fire programmers and start over at nearly the end of the original job. But, I will launch it as soon as I can.

Regarding other trading sites, one big problem it would seem is they aren't run by traders. But beyond that, I really can't comment because honestly I do not understand what those guys are thinking or doing. And thus, futures.io (formerly BMT) was born

Mike

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  #16 (permalink)
 wldman 
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Big Mike View Post
Thanks Dan. I felt the need to create the thread/posts because I have been silent on the issue up until now, while others are yelling at the top of their mountains.

I just wanted to get my side of the story out, also known as the truth in my eyes .

Mike

reading the recent re-posts of obvious losers I do see an entertainment value...thanks for the laughs.

But here is the deal...at least as far as I am concerned...

THE TRUTH IS IT'S OWN ADVOCATE.

It is good to type it out but by all means necessary do not let any of that negative stuff stick to you....let it all pass worthless as it is.

Dan

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  #17 (permalink)
 Big Mike 
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futuretrader View Post
Thanks for the look backstage, it makes what you've done with the forum even more impressive. I remember when you first started this site - I didn't join right away because I didn't think anyone would be able to create a viable new forum when there were already such large and well established ones. But after a few months I checked in and saw the overall level of discussion was much more consistently serious, and the level of irritation was almost zero. So I joined, and soon hardly ever went to other forums. It's really astonishing what a resource it has become in such a short time.

Thanks, and I understand. When I first created the site, I had absolutely no idea that "this" would happen. We've become one of the largest trading sites in the world, the #1 site for futures trading specifically, and more than that - it's the sense of community that just doesn't exist elsewhere. I view my role in this as just someone who is laying down a foundation while the rest of members are responsible for getting us where we are today.

Thanks everyone!

Also on a side note, I did a bit of research a while back on the "founding members" of futures.io (formerly BMT). Check it out:


Mike

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  #18 (permalink)
 Big Mike 
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hectormas View Post
Big Mike

First I admit that I have a "sick" sense of humor.

I find hilarious the emails you got from banned members. I am not the one being called names, so you may not find them as funny.

Specially that David from Oil Trading Academy.. his whole strategy for getting the thread about him taken down, was to create a lot bad content about you.. and the come to you begging for mercy )

Anyway.. Congratulations Big Mike for the anniversary. You are a very valuable resource for all traders. Your site has certainly been invaluable to me.

Hector

Thanks Hector. What I showed was just a small percentage, I didn't search/look very hard. And I don't ban many people (real people that are actually posting, vs spam bots or marketing campaigns). And only a few of them cause any trouble, but I just wanted to share some of it.

Mike

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  #19 (permalink)
 bobarian 
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Sadly, its no surprise that the 1st page of the google search looks like that.Is it human nature to take something good , and spin it so it is bad?Maybe, but its a very small select group of people who are motivated to spend their time spreading negativity and false opinions...and typically, its the first thing people see when they search Big Mikes.
It seems to me, that Big Mike believes that everyone has a right to speak.And he lets them have their say.However, at some point, Mike will express his opinion also, which is good.
The people who contribute here know the real story
Bob Maughan

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  #20 (permalink)
 Big Mike 
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Cloudy View Post
Thanks for the great site and all the work that you do Big Mike and congrats on the anniversary. futures.io (formerly BMT) is the best nexus of sharing among traders and favored vendors. I'd prefer some method of member input/voting on favorite vendors in the future, but it's your site and there is no "hate" of vendors, just judicious filtering imo.

Sorry about that Oil Trading Academy guy's rants. Oddly , those videos that pop up on the search engines are the older ones from last year, and not the more recent outrageous ones. Most aspiring traders who have a brain can probably discern the ludicrous theme of his videos, but still.. We need more people to downthumb those youtube videos. Unfortunately the guy is well versed in creating multitudes of fake accounts, messages , and reviews and has had a history of doing so all over the web. But enough votes could help make youtube recognize what's going on with those videos.

Thanks. There is input on favorite vendors, well at least best platform, broker, data feed, etc etc etc. It's the annual futures.io (formerly BMT) Best of Trading:

https://futures.io/bmt-best-of-trading/

Everything is taken from nominations made by futures.io (formerly BMT) members, and then vote results from futures.io (formerly BMT) members. There is even a company listed in those results who is banned on futures.io (formerly BMT) and who I refuse to have anything to do with based on their reputation and actions on futures.io (formerly BMT). Even though I wanted to remove them from consideration, I did not because I want the voting process to be open and honest, and it is.

Regarding the Oil vendor guy, I do not want this thread to get distracted. There is an existing thread to review that vendor.

Mike

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