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futures.io name change (formerly BMT)


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futures.io name change (formerly BMT)

  #1 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

Hi guys,

I have some excellent news to share with you. But first, a little backstory:

The day I founded BMT in June 2009, it was simply an extension of my trading blog. I never imagined it would become what it is today, which is in fact the largest futures trading community in the world.

I was fed up with the other trading communities that existed at the time, and the seemingly never ending rude behavior that was running rampant in those communities. I felt I could do better, and BMT was born.

Our community has excelled at being a friendly environment for traders to help each other, with an excellent "signal to noise ratio". Over the last six years, our community has grown at a rapid pace while other communities have experienced major downturns.

Today, I announce the next step in our journey together. We will shed our old name, conceived of when the site was made up of only a few dozen members, and embrace a new name that better reflects our community -- one that is made up of over 75,000 members.

I have chosen the name "futures.io" because it represents what the overwhelming majority of our user base is interested in, futures trading. While our focus will be futures, we will not abandon other trading products such as stocks or forex.

There is no change in the way the site operates or in its ownership. The name change simply reflects m y desire to move us into the future.

Mike

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  #2 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

This name change has been years in the making. Frankly, I waited too long. We outgrew our old moniker long ago, and the silly name has held us back more than it has helped us.

Many sleepless nights I would think of new names, only for them to fall out of favor with me shortly thereafter. But the idea of a name change has been something that I've wanted to do for a very long time.

The reason the name change is important is really about our perception. Our forum is made up of excellent members, with excellent content. But our name did not accurately reflect the professionalism of the site. This changes today.

I selected "futures.io" after a great deal of consideration and exhaustive research. I am very happy and pleased with the name. I trust that given some time to adjust, you will be too.

Mike

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  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474


I approached a few of our most regular contributors on the site and gave them a roadmap of what I was planning. I gave them my pitch, and listened to their feedback.

The overwhelming feedback was exceptionally positive. But I do recognize that as a whole, people simply dislike change.

Below, please allow me to outline a few important things as well as answer some of the most popular questions I received when I was conducting my research secretly within our community.
  • The .io domain is not penalized in any way within search rankings. Google treats .io as a global TLD, not region specific.
  • All old URL's will continue to work 100% (ie from Google, or bookmarks). Our server is configure to redirect old URL's to our new URL seamlessly.
  • Google will re-index our site quickly, but in the meantime there is no disruption as all old links will work 100%.
  • I have updated the post bodies and replaced old URL's with new URL's, to avoid confusion with any new members who won't know what Big Mike Trading in the URL means.
  • Organic search traffic that contained the term "Big Mike" was less than 5%, meaning that out of all our search traffic, only a tiny fraction was specifically searching for us by name. Our new name should increase our organic hits as far more people include the keyword "futures" in their search.

Mike

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  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

There is one unfortunate drawback to the domain name change. Every single member will have to re-login with their username and password.

This is because the old cookie that your browser stored that saved your login rights is only valid with our old domain.

I realize this is likely to cause some initial confusion and a panic as we draw about 8,000 visitors per day, meaning our system may receive hundreds and hundreds of "I don't know my username or password" reset requests.

In order to try and minimize this as much as I can, I will be sending out a mass email to every single member advising them of our name change. That email will contain their username, and advise them they will need to login again, and the instructions should they have forgotten their password.

Mike

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  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

Social media plays an important role in our community. Twitter is a very trader-friendly environment, and YouTube hosts most of our webinars.

In the case of Twitter, everyone will need to re-follow our new Twitter name @futuresio.

Please, follow us on Twitter here:
https://twitter.com/intent/user

In the case of YouTube, our old channel will remain but no longer be updated.

You will need to subscribe to our new YouTube channel:
[yt]https://www.youtube.com/channel/UCWzHsd2fbLueDSfRunb1DmA?sub_confirmation=1[/yt]

We are in the process of moving all old YouTube videos to the new channel. This will take several days or even a few weeks. Please don't be alarmed, subscribe to the channel now.

Mike

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  #6 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

Some quick statistics on asset type popularity in the community:

Forex and Currency Trading category: 6,941 posts (1.4%)
Stocks and ETFs category: 3,860 posts (0.7%)

I've conducted polls over the years asking users to identify their primary trading tool (futures, stocks, forex). In the most recent poll, after 1,000 respondents, the breakdown is as follows:

Futures - 70%
Stocks - 17%
Forex - 13%

However, in the first 24 hours the results were different (skew towards the active users):

Futures - 85%
Stocks - 9%
Forex - 6%

To the Stocks and Forex users within the community: we are not abandoning discussions about stocks or forex. We are simply focusing on what is already popular within the community: futures. Since very few of you discuss stocks or forex, I am sure you find value in the general concepts that the futures traders are discussing on the site, and apply that in your own stock and forex trading.

Mike

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  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

For the last hour I've been working through a million changes that had to be made in real-time... getting closer to being back online... I hope you guys are excited as I am for the future!

Mike

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  #8 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

Alright guys, I'm about to flip the switch and bring the site back online. There are no doubt thousands more things that need updating, please go ahead and start reporting them as you find them here in this thread.

Mike

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The following 15 users say Thank You to Big Mike for this post:
  #9 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

Reindexing 500k posts for updated URL's, then we're back online.

Mike

We're here to help: just ask the community or contact our Help Desk

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The following 14 users say Thank You to Big Mike for this post:
  #10 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474


When you guys expect to receive emails from the forum, please double check your Spam folder and make sure you always mark us as "not spam". The domain name is new and could get flagged as spam in the short term, the ISP's will only correct that if enough people mark "not spam".

Mike

We're here to help: just ask the community or contact our Help Desk

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The following 16 users say Thank You to Big Mike for this post:





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