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Why Elite?
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Why Elite?

  #31 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,059 since Sep 2010
Thanks: 1,933 given, 2,782 received
Forum Reputation: Legendary

@KosherTrader, I want to address the issue of Elite. I think most have answered you with why the $100 is really worth it, as oppose to your idea that information shared by others should be free.

Let me address this: The idea of the $100 is a business savvy idea that separates people who are just all over the net seeking free stuff versus those who are committed to reading and participation.

The growth of any community depends on 2 things:
1) Readerships (actual time that they stay on the net, measured and indexed by Google)
2) Commenting, which would mostly come from those who want to participate with input and/or ask questions that are for the sake of knowledge. This grows content, provides good input and presents different aspects to the same issue.

Therefore, the $100 is a “door qualifier” in my personal opinion where a better community would be built due to higher readership and participation. Those who pay are committed, free seekers or “moochers” come and go.
Look at some other forums: Their readership, participation and views are in a state of decline. Why? Quality is lacking and scarce. If they charged for it, half would be gone, but quality would stay.

Most of those who can’t pay $100 can’t afford to trade, and sooner than later stop participation in the site because trading is just another fad and not a commitment for them.

I know there is a lot of good info outside of trading that floats for free, and some of it is really good. But, everything and anything eventually leads to a sale. At least at futures.io (formerly BMT) is outright honestly upfront.

I think Mike really tries to help customers and the development of this site, hosting, webinars, etc and that does cost money. Finally, it’s his business, and I respect that he can do whatever he sees fit in order to grow his business. After all, it is America.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #32 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
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Posts: 2,668 since Nov 2010
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Hmmmmm $100 for the 'best threads'?

Not really, try:

- A bunch of software
- A bunch of educational material in the form of exclusive webinars
- A bunch of discounts on various products/services

@KosherTrader - I think Mike is clearly offering something in the above that is not available on other forums.

There's no push to have Elite members create threads only in the Elite section.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #33 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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Posts: 1,517 since Feb 2013
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One good reason is that because it requires a small but still monetary contribution, many or most tire-kickers and spammers will stay away of it, or after banned once won't do repeated registrations as it is not worthy for them.

Trade to live. Not live to trade.
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  #34 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,650 received
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Itchymoku View Post
Does anyone recall this same topic being covered a few times before in other threads. I feel like I've seen this same exact question covered in a previous thread...

The most interesting thread (2012) here:

https://futures.io/feedback-announcements/14023-big-mike-trading-elite-worth.html

GFIs1

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  #35 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
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KosherTrader View Post
I see the price is at $100/mo, I thought it was at $50 a few weeks ago. I don't think it's been adequately explained why some posts / downloads are only accessible to Elite members. I had read it was due to prevent indicators from being widely disseminated..but lots of good posts seem Elite only. Please explain why this is, then I will gladly subscribe if this is adequately explained.

Read this entire thread front to back:

https://futures.io/feedback-announcements/13306-elite-only-all-downloads.html

Also

https://futures.io/feedback-announcements/26032-elite-membership-fee-increasing-july-1-2013-a.html

Also

https://futures.io/feedback-announcements/28014-big-mike-trading-transparency-facts.html

And I'll throw this in for good measure, based on all your other replies:

https://futures.io/feedback-announcements/27765-why-does-big-mike-hate-vendors-why-big-mike-trading-not-free.html

This answers your question.

I also noticed a similar thread was started on ET around the same date you started this thread.

Forums - futures.io (formerly BMT) Elite Membership

Same banned people over and over. There is another thread that addresses that in more detail and lays out facts, but it is only for Elite Members so no need in giving you the link.

The above

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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  #36 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

regarding that et thread

I don't understand why people keep thinking bmt is a vended system or needs to be a broker verified vended system just because it requires a fee. It almost makes me want to hit my head against the wall. It would be comical if it weren't so redundant.

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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: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received


Itchymoku View Post
I don't understand why people keep thinking bmt is a vended system or needs to be a broker verified vended system just because it requires a fee. It almost makes me want to hit my head against the wall. It would be comical if it weren't so redundant.

No worries. It's working as designed, serious people support the site, and most the others stay out.

Sent from my LG Optimus G Pro

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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  #38 (permalink)
Elite Member
Exeter, UK
 
Futures Experience: Intermediate
Platform: CQG QTrader + NT7
Broker/Data: CQG
Favorite Futures: Futures
 
hlatham's Avatar
 
Posts: 53 since Sep 2013
Thanks: 20 given, 22 received

Personally I've found many of the webinars posted on youtube hugely valuable, so paid the $100 to say thanks to BM for organising those. Everything else was just a bonus.

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  #39 (permalink)
Elite Member
Brighton, Colorado
 
Futures Experience: Intermediate
Platform: Ninjatrader & Metatrader 4
Favorite Futures: Fx & Futures
 
Mazin's Avatar
 
Posts: 4 since Jan 2014
Thanks: 5 given, 3 received


bluecrow View Post
@trs3042

Elite membership of futures.io (formerly BMT) requires little explanation. It's a no-brainer IMO. Look around and you'll soon realize what you're missing. Good luck.

This is my second post here and this quote said it all. I have spent about two weeks looking at the content outside of elite and it was truly a "No Brainer".

Eta: Sorry to the mods for drilling up a old thread, you guys do have a wealth of information and the cost is truly insignificant for the benefits one reaps for being an elite member.
Thanks to BigMike and the Staff!


Last edited by Mazin; January 27th, 2014 at 04:37 PM.
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  #40 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received



Cashish View Post
I put $74.00 worth of gasoline in my car this morning,,,,,,,, I hope it lasts FOREVER.

Lol..agree. I.T. costs more money than most people realize.

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