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.
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.
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You don't know what you don't know.
Pay the $100.00 one time fee and access everything. In all the trading resources on the internet, this is THE place to be to access Elite journals of successful (and not) traders, access indicators that provide same functionality that you might pay $$$ for elsewhere, get answers to questions from people who actually do know. Like the dude said, it's a no brainer....
"Money is better than poverty, if only for financial reasons." - Woody Allen
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I've been an elite member since I signed up and have never looked at the "indicator" section, I probably couldn't figure out how to download one anyway. But I guarantee you it is cyber Heaven for any indicator junkie that happens to be into that sort of thing. If you're NOT an elite member your experience here will be limited, for example you won't be able to post in the Chat Rooms (albeit, few do).
IMO this ain't about Getting something it's about Supporting something. Have you ever found a topic on another forum that you actually had an interest in and began reading only to find yourself sifting through post after post of total garbage unrelated to the original subject matter,,, you won't find that here. This site sells itself, take some time to look around. I believe the most obvious difference you will notice between this forum and any other (that I've visited) is, rude behavior is not tolerated. For me, the civility here makes visiting this forum and reading the posts much more enjoyable, this is why I chose to support Big Mike's.
Maybe the Holy Grail is in the indicator section (I heard it was) and I'm missing out on an untold fortune, so be it. I like to think of Big Mikes Forum as a book, a book that is never finished, a book that anyone can write in. New chapters are added every day and new paragraphs and pictures (charts) are added to existing chapters as well. For the one time price of a singe trading book, not only do I get updated content by countless authors, I get direct access to each of them. In my opinion That is Worth Supporting.
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Good points. No one addressed the 100% Elite member price increase rolled out recently.
I'm clearly in the minority and I respect the way things are done here. However I believe strongly in the concept of open information on the internet. I'd rather buy a Big Mike Trading coffee cup and t-shirt and have all the threads open.
Being elite is not about getting the cool indicators or reading elite journals; its about getting on the path to becoming a professional trader. Took me a while to figure that out. Want proof? look no further than @Big Mike signature on his posts. 1 thru 4 is the foundation you need to become a successful trader.
Robert
nosce te ipsum
You make your own opportunities in life.
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This happened in July. He sent out a email to everyone on futures.io (formerly BMT) notifying them of the price increase. He has recently upgraded the servers and made numerous changes to improve quality over the past couple of years. Basically the price increase is to cover the cost of doing business.
If you go the route of free then you get spam 300 times a day and 50 advertisements on every page trying to sell you the holy grail trading system. Personally I will take the paid version.
I will say this; Knowing what I know now about what futures.io (formerly BMT) has to offer, I would say, and I am probably low balling it, 300 to 500 is a fair price for what you get. I would pay it now if he asked. Its worth every dime. I have learned more here in 2.5 years than I had in the previous 8 years of trading.
Robert
nosce te ipsum
You make your own opportunities in life.
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Elite is a community that supports Mike in his desire to keep this resource. I think that its cost can be measured in the thousands. Believe me I have read a lot but nothing like this is not found.
Think about it this way...as a member of a walled garden (a cheap 2 ES point garden)...I might be willing to share more because it is not fully public. By sharing that extra bit of information, I might find someone with similar experience or interest that will add additional value. I share here because others share back.
Also, there aren't people here hounding me trying to get something for nothing. That is what the wild wooly internet is good for...lol
Complete waste of money IMHO. First, it doesn't get you any chicks. They say it will, but they lie. Second of all, you still have to wait in line at the store. There really is no speedy checkout just for elite members. Again, another lie. Thirdly, you are supposed to be eligible to win fabulous prizes and vacations. I never won nuthin. Fourthly, you are supposed to have complimentary beer and steak delivered to your door after a hard day's trading. But again, never happened once. And if you put in a support request to find out what happened to your cold brew and steak dinner...yeah that's right, nuthin. But hey, if none of that is important to you, then I guess it's worth it.
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Don't believe everything you read online. The price change was made months ago because the valuation of what you get was more than initially thought. Good posts are made elite because they're for people who're serious about their trading.
simply put: elite membership is worth the membership irregardless of the downloads because the community is great and vast even if you find a mean person here or there, there are a plethora of webinars and educational threads, and you can get almost any obscure question answered as there are many experienced traders that'll give you their input free of cost.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Mike has his reasons and someone else can share those with you.
As for me personally, I will not engage at all with anyone who has not paid their "dues" for elite access. I won't read their posts or spend any time with someone that does not see or understand the inherit value of the futures.io (formerly BMT) community.
The something for nothing crowd is typically "as advertised".
exactly, it's supply and demand. Mike has done well with the website and is ready to retire so losing customers due to them not wanting to pay an extra 50 dollars probably isn't much of an issue. If he wanted to he could hike it up even higher as the website is probably worth more but he's not because he cares. I believe it was even considered to make the website private to the public as there are already enough users to keep it going. I'd definitely suggest signing up if you plan on trading for a career because it's a one time only fee. You could easily lose 100 dollars in a day trading if not on one trade, so the membership fee is practically insignificant. I've met people on here that I've been good friends with who share the same interests that I probably wouldn't of been able to find anywhere else.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Sure - every user of futures.io (formerly BMT) has / had once to check the benefits of paying.
Saying this you need to see: "Is the glass half full or half empty?"
On futures.io (formerly BMT) you can access 2/3rd of the content really for free - if more interest is there.. you pay a one time fee.
Have a look at current statistics here (from the homepage):
One can see that at this time about 50% are members, and 50% are guests online.
Over the past 24 hours there were 4,6k guests and 1,5k members accessing futures.io (formerly BMT).
Conclusion: Many futures.io (formerly BMT) readers are happy with what they get - without paying - otherwise they would not log in..
I think you have recieved some great points for why to join elite. These responses should be more than enough for to join. You have recieved responses from some very intellegent people here. That point alone should speak to you.
With that being said, let me tell you a few of the things I have gained from being an elite member.
I was new to ninja trader and I was looking for the traders dynamic index. The Ninja platform didn't have it available. So I found that Big Mike's had it. I spent the money to join for that one reason alone. I thought it was a bargain since it helps me with entries and exits in my trading.
There are a ton of generous people here that share their experience and ideas freely. That is worth more than $100.
I see you use think or swim. There are some excellent traders on here that use TOS as well that you could learn/glean from (mfbreakout for example) .
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IMO some of the most informative threads aren't even in the elite section, being an elite member is more a show of support in your community. For me it was simple, I was happy to fork over a couple bucks to support a community that is well regulated, well organized, and with a high wheat to chaff ratio.
.
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".... pay-to-access-the-best-threads ..." if you have formed this opinion from the few responses posted in this thread, then maybe an elite membership ain't for you. I don't "think" it does deserves or requires any explanation, what's there to explain? It's simply a choice YOU have to make, do you choose to support the community or not? Let's move on to more intelligent conversation, like why does a bag of potato chips cost $4.00 and an order of fries that weigh 3X as much cost less than a dollar? I think we all know where this conversation is trying to go,, I hope it doesn't get there.
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I bought elite status because I wanted access to the indicators. After being elite now for a few months I think I have downloaded one indicator... But I have learned so much information from these forums / the webinars and simply reading the discussions of different indicators and realizing they were not for me, not having to waste time on indicators that will not help me is invaluable!
The reality is that the free section alone has more value the any other forum / trading website that I have run across if you are willing to put the time in to sift through the threads. .nd if you are like me and have not posted a ton yourself buying elite is merely contributing abit and saying you are serious about wanting to help the community / and see what is happen continue!
The following user says Thank You to DeadCatBounced for this post:
It's not clear that the $100 membership fee is to "support" this site. Does Big Mike offer a service that someone else could not offer without charging for information? That is not clear...lots of sites have mods who volunteer to do what Big Mike does here.
The ads on this site support this site, many webmasters come up with clever ways to get financial support without a mandatory fee. I don't like the idea of money being mandatory to induce cooperation and freedom of information. Wikipedia is an excellent example of a propserous web community based on donations. Some of these nasty responses are confirming my suspicion, that trading can attract and bring out some of the worst instincts in people.
Welcome to futures.io (formerly BMT). I see you have been visiting for almost 30 days, and have thanked about 8 posts so far. That would be about $12 a thank you. Even if you never thanked another post, it is quite possible you would have already got your money's worth in the $100. You have more than enough reasons at this point, just in this thread, so it would seem almost pointless to continue the conversation.
You have the choice, but if you are sweating the $100, and/or don't see the value in it, you may not be a good fit for the site.
I believe you will find it more than worth the $100 many times over, but the real value comes when you start to get more involved in the threads, and ones unlike this one.
Gary
As consistently profitable traders.. "We get paid to wait, and we wait to get paid."
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It's all about risk vs reward. If the risk of $100 membership is not outweighed by all the benefits, then don't do it. IMHO, the rewards of futures.io (formerly BMT) elite membership exceeds the risk of $100 several fold for all the reasons mentioned above. So it was a no-brainer for me. I suspect the same applies to all elite members.
Here's a task for you. List all the benefits identified above and monetize them. For example, I would pay $50 per month to access regular webinars on trading topics. I would pay another $50 per month to access a supply of continuously updated indicators. So, that's $1200 per year. Compare that with a life-time membership of $100, then it's rather obvious don't you think? But YOU have to do it yourself, you can not expect others to monetize the rewards for you. If you find that the monetized benefits exceed the life-time membership fee, then you should obviously join. If it does not, then don't. So, what will it be? Please share your list of monetized benefits, I'm curious what they would include.
Good luck.
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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, but I can't find it when searching for it. I think it would help if we could get a link to the other thread on here.
Anyways, honestly if you don't think it's worth it by now just stay for a few months and get to know some people, follow some threads, and wait before making the decision. That's what I did and it worked out for me. No stressing it now, its not like this is a trial software where you get 30 days before you have to pay haha
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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You can probably tell (look to the left) from my number of posts etc that I am relatively new here. I signed up for a specific reason which was to maintain my trading journal here. It could have been any other forum but I was inspired with @xelaar's journal and futures.io (formerly BMT) stuck in my head.
I posted in my journal for the first couple of weeks not concerned about the elite membership at all. But while in that process, I started looking at what others were writing and it amazed me how clean this forum was. There is absolutely no BS anywhere. You can see some new people that sign up specifically to post spam or any other garbage are banned immediately. Anyone who is rude, disrespectful etc is not tolerated and his/her membership is revoked immediately. Meaningless and worthless posts are deleted immediately. As a result, you are left with content that is meaningful and helpful.
Also, in the process, I started following a couple of threads that I thought were adding real value to my own trading. In the past 2-3 weeks, I have learnt some invaluable concepts about trading CL (from @mfbreakout's thread), that I havent come across or thought about in the last 4 years that I have been trying to become a consistently successful trader (and I have been to my share of trading/training/chat rooms and mentorship programs) and spent a ridiculous amount of money in the process.
So, THIS forum, right here, is value to me. And that's why I want to be part of this forum. And thats why I am elite today because I want to belong and I know trading is a lonely business.
Only you can answer your own question "Why Elite?" by sticking around for a few more weeks and see if you find it worth your time and commitment. I dont think you will find a list of "services" that will be provided for the membership fee listed anywhere. Its just your call.
@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.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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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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I am contemplating a major / drastic change to the behavior of all downloads on the site. The change would be to make all downloads Elite Only. I mean all downloads, in posts, threads, downloads section, everywhere globally. The only exclusion …
So the site has turned 4 years old as of last week. In that four years, I've become somewhat of an expert on all things related to trading communities.
I have been called all kinds of names and accused of all kinds of things. The …
This answers your question.
I also noticed a similar thread was started on ET around the same date you started this thread.
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.
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.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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.
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!
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I think $100 is worthy, as newbie, losing $100 in the market takes a blink of an eye, so why not invest this small mount of money that at least help you lose less.
The only conern to me is that, the purchase discount for NinjaTrader of elite member is forever effective or just for a certain of period of becoming an elite member?
You send a request via the Elite section and they (NT) contact you - otherwise it'd be too easy to workaround and just share the code (i assume that is not why you are asking this. Hopefully )
Really, becoming Elite is truly worth every penny - and more, IF you are serious about trading and evolving in this craft. If not, no forum/indicator/coach/trading room can help you anyways.
I have probably learned and gathered more wisdom in the last 8 weeks or so that I'm elite on this forum than on the 2 years before. To a large extend through my journal there but also through great contribution from others and their willingness to share most of their wisdom whit those who really desire to make it in this business.
But it's up to you of course
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Thank you! I've just become an elite member, I'm just looking around the new stuff available~ I noticed that the NT discount is for MultiBroker package, which is not very useful to me (as I know many brokers do not provide foreigner subscription) , I'll see does the discount effective for singlebroker package.
If not, it doesn't matter, I'm pretty sure the $100 is still worthy without the discount~
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