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FIO Transparency and Facts
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FIO Transparency and Facts

  #31 (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: 46,240 since Jun 2009
Thanks: 29,357 given, 83,238 received


steve2222 View Post
At Mike's request, cross posted from the other thread:

"And to compare that to ... what % of members are Elite? Do I recall you saying once before it was about 6,000 ie about 9% of members.

So, .... 9% of members contributed collectively 93% of the posts.

Sound about right???"

Elite Members currently make up 14% of the total user base, leaving 86% of members as non-Elite.

So 14% of people contribute 93% of the post content. Meaning that 86% of the members (non-Elite) only contribute 7% of the content. And I have to say, they also cause the overwhelming majority of trouble as for spam, vendor promotion, trolling, etc.

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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  #32 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,642 since Jan 2013
Thanks: 26,780 given, 11,135 received
Forum Reputation: Legendary


Big Mike View Post
Elite Members currently make up 14% of the total user base, leaving 86% of members as non-Elite.

So 14% of people contribute 93% of the post content. Meaning that 86% of the members (non-Elite) only contribute 7% of the content. And I have to say, they also cause the overwhelming majority of trouble as for spam, vendor promotion, trolling, etc.

Mike

And, of course, I'm sure that a large percentage of the non-Elite members stay active for only a short time, and then wander off (or convert to Elite it they like the place. )

Putting in a paid-for Elite membership was a very good move. Committed people stay more, and stay active more.

Bob.

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  #33 (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: 46,240 since Jun 2009
Thanks: 29,357 given, 83,238 received



bobwest View Post
And, of course, I'm sure that a large percentage of the non-Elite members stay active for only a short time, and then wander off (or convert to Elite it they like the place. )

Putting in a paid-for Elite membership was a very good move. Committed people stay more, and stay active more.

Bob.

The trading industry has a very high turnover rate. I don't have time to put together such a complex mysql query right now to statistically show the difference between Elite and non-Elite measured by how long they stay active on the site, but I'd say it's going to be a lot longer.

This is also because most people that join the site and don't become Elite Members are simply not interested in being here, and are turned off by the paywall fee and don't view it as good return. Which is exactly the point, it's working exactly as intended.

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.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #34 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,061 since Sep 2010
Thanks: 1,934 given, 2,787 received
Forum Reputation: Legendary


Big Mike View Post
The trading industry has a very high turnover rate. I don't have time to put together such a complex mysql query right now to statistically show the difference between Elite and non-Elite measured by how long they stay active on the site, but I'd say it's going to be a lot longer.

This is also because most people that join the site and don't become Elite Members are simply not interested in being here, and are turned off by the paywall fee and don't view it as good return. Which is exactly the point, it's working exactly as intended.

Mike

You do not need to waste your time with such studies. Some of us have been here long enough to see who is committed to help and/or study versus those who are temporarily fascinated with trading and then they move on.
Amazing that those who complained the most about brokers, feeds, platforms, and other things are nowhere to be seen. Further, the legacy they left behind is of no value.

On the other hand...Just as an FYI...some guys here have written such great posts that it really helped me shape Optimus into a better place. It made me understand the industry better from the trader's view.

Matt
Optimus Futures

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.

Last edited by mattz; September 25th, 2015 at 07:04 PM.
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  #35 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,644 since Feb 2013
Thanks: 4,907 given, 6,441 received
Forum Reputation: Legendary


Big Mike View Post
As of today, there are 505k posts on the site.

79% of these posts are contributed by Elite Members.
14% are from Market Wizards (which are Elite Members, but I broke this out separately).
7% of these posts are contributed by non-Elite Members.

It is important to note that this is determined by whether they are Elite right now. They could have been non-Elite at time of post, then later became Elite. If so, they are included in the Elite group number. Same for Market Wizard, it's as of right now.

I include my posts and @sam028's in with Elite.

So for all the post content you see on the site, 93% of it is courtesy Elite Members. Only 7% is non-Elite Members.

Mike


Big Mike View Post
The trading industry has a very high turnover rate. I don't have time to put together such a complex mysql query right now to statistically show the difference between Elite and non-Elite measured by how long they stay active on the site, but I'd say it's going to be a lot longer.

This is also because most people that join the site and don't become Elite Members are simply not interested in being here, and are turned off by the paywall fee and don't view it as good return. Which is exactly the point, it's working exactly as intended.

Mike

I simply love market-based solutions that work.
All-in-all it's interesting how even moderate fees for a lifetime help to keep a place clean.
Thank you, @Big Mike.

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The following user says Thank You to choke35 for this post:
 
  #36 (permalink)
Elite Member
Louisville, Kentucky
 
Futures Experience: Intermediate
Platform: Sierra Chart, IRT
Broker/Data: Various
Favorite Futures: Futures
 
empty's Avatar
 
Posts: 92 since Oct 2012
Thanks: 1,906 given, 177 received

How long to become Elite


Big Mike View Post
And I have to say, they also cause the overwhelming majority of trouble as for spam, vendor promotion, trolling, etc.
Mike

It would be interesting to know on average how long an Elite member takes to become an Elite member. That might help you shape the product even more if these non-Elite members are a big cause of pain.

Empty

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  #37 (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: 46,240 since Jun 2009
Thanks: 29,357 given, 83,238 received

Thread renamed from BMT to FIO

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.

Reply With Quote
 
  #38 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,061 since Sep 2015
Thanks: 6,590 given, 4,840 received
Forum Reputation: Legendary


Big Mike View Post
Last thing I want to say -- some people are jealous of futures.io (formerly BMT)'s success, which causes them to respond negatively or say false things about futures.io (formerly BMT) or me.

That's a common psychological behavior from some people who see others being more successful than them. One defense mechanism is them try to put down the more successful counterpart as a means to deal with their own perceived lack of success.

It's a "Hey, if I can bring you down at my level - we're equal. If I can bring you even further down, then I'm superior" kind of attitude.

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