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What would happen if BMT switched to 100% pay model
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What would happen if BMT switched to 100% pay model

  #1 (permalink)
Site Administrator
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What would happen if BMT switched to 100% pay model

I'd like to make it clear, this is just a discussion -- it is not something I am planning on implementing right now. I just want to hear from everyone.

What would happen if futures.io (formerly BMT) were to switch to a 100% pay model. No more free rides.

One possible implementation would be to prevent non-Elite from posting. This would solve virtually all the spam problems and rude posts that I have to spend a lot of time on every day. In this scenario, non-Elite would still be able to read non-Elite content, but they would no longer be able to ask any questions or make any posts anywhere on the forum.

The other possible implementation would be to prevent non-Elite from seeing the content entirely, making everything on futures.io (formerly BMT) Elite only.

Thoughts?

And again, just for discussion sake --- no decisions have been made, no changes are planned.

Mike

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  #2 (permalink)
Just a boy
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What would the difference then be between a 'Non Elite' who cannot post but can read and those people who currently view the site as a 'Guest'?

In other words there would be no point in a potential member joining unless they saw the benfits of being Elite, they may as well just stay as a Guest.

 
  #3 (permalink)
Site Administrator
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steve2222 View Post
What would the difference then be between a 'Non Elite' who cannot post but can read and those people who currently view the site as a 'Guest'?

In other words there would be no point in a potential member joining unless they saw the benfits of being Elite, they may as well just stay as a Guest.

Correct, in that circumstance if non-Elite content is allowed to remain visible, it would mean there is no need for anyone to sign up unless they became an Elite Member.

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
Austin, TX
 
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So this would kill non-elite journals.

 
  #5 (permalink)
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tturner86 View Post
So this would kill non-elite journals.

Yes. Keep in mind, it's totally hypothetical.

But how many non-Elite journals are actually made by non-Elite Members, and that last more than a few days?

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.

 
  #6 (permalink)
Elite Member
Austin, TX
 
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Platform: F-16CM-50
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Big Mike View Post
Yes. Keep in mind, it's totally hypothetical.

But how many non-Elite journals are actually made by non-Elite Members, and that last more than a few days?

Mike

Well what I am thinking is: I started a non elite journal first. Through that posting and experience did I start to see the value of futures.io (formerly BMT) and decided to become an elite. Without that non elite journal I might not have stuck around.

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  #7 (permalink)
Site Administrator
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tturner86 View Post
Well what I am thinking is: I started a non elite journal first. Through that posting and experience did I start to see the value of futures.io (formerly BMT) and decided to become an elite. Without that non elite journal I might not have stuck around.

I understand.

So under the first scenario, all of the same non-Elite content you had access to before would still remain visible to guests. But you wouldn't be able to create your own journal.

So the question is, what influenced your decision more? The creation of the journal, or the community that existed prior to you contributing to it?

Was the act of contribution (by way of posting) a deciding factor?

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.

The following user says Thank You to Big Mike for this post:
 
  #8 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,641 since Jan 2013
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Forum Reputation: Legendary

For one thing, there are some non-Elite posters who post quite a lot (although not many.) They would lose their posting privileges, which they have had since they joined. Some of their posts are good. Many are less so.

So any change would either:
1. Involve grandfathering existing non-Elite members, or
2. Pretty much cutting them off, in terms of posting. This is whether you decide on the read-only or the no-read-at-all choice.

Another thought: I read a lot of posts, in Elite and non-Elite (you do too ). My opinion is that most of the non-Elite members are very casual, and sort of transitory (not all, of course). But then, non-Elite membership is often a transitional state between either becoming an Elite member, or just dropping away. There does need to be a way that someone can get a taste of futures.io (formerly BMT) before deciding to join or to depart. Therefore, I think they need a way to sample some of what is here. I would not have joined (and certainly not have paid any money) without reading a lot of stuff that I thought was valuable first.

I'm no longer clear about what a "Guest" can do, and what a "Non-Elite Member" can do; it's been a while. Can you make clear what their different levels let them each do?

I do understand the spam problem, and it would cut down on some of the lightweight posts, too. It would be good to get that all under control.

Bob.

Edit: also, if the non-Elite types cannot post, there soon will be no non-Elite content for them to read, under the read-only option, unless they get to read the Elite material also, which I don't think is the idea....


Last edited by bobwest; February 5th, 2015 at 04:04 PM.
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  #9 (permalink)
Elite Member
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Big Mike View Post
I understand.

So under the first scenario, all of the same non-Elite content you had access to before would still remain visible to guests. But you wouldn't be able to create your own journal.

So the question is, what influenced your decision more? The creation of the journal, or the community that existed prior to you contributing to it?

Was the act of contribution (by way of posting) a deciding factor?

Mike

The act of contributing and seeing the response from others was really the determining factor. Once I started posting and talking with other users did I really start to see the value of the site. And overtime the draw of what was on the elite side become too much to bear. I figured if the free stuff was this good, then the elite must be amazing... And to be honest at first it was a bit underwhelming. But as I have digested through the site there are plenty of nuggets that make it a no brainer to be elite.

The otherside is again the brotherhood type of mentality. Becoming an elite introduced me to other users that I have found very valuable. Panda, Roy, Itchy, wldman, tiger, bobwest and plenty more...

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  #10 (permalink)
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bobwest View Post

I'm no longer clear about what a "Guest" can do, and what a "Non-Elite Member" can do; it's been a while. Can you make clear what their different levels let them each do?

Thanks Bob. As it exists today, guests cannot view post attachments/images. They can see post content. This is for non-Elite content only. When a member joins (non-Elite, still) they can view attachments/images, and can now also post (non-Elite sections only).

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.

The following 3 users say Thank You to Big Mike for this post:

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