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Is Mike Verifiably Profitable?
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Created: by truman2 Attachments:6

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Is Mike Verifiably Profitable?

  #31 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,366 since Jun 2009
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torroray View Post
He must be.

How can he afford to feed the 2 big labradors on a 1 time $50 membership fee.

And it's not 2, but now 3 labs!!!

Success requires no deodorant! (Sun Tzu)
 
  #32 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

If Mike dedicates half the effort to his trading as he does to this site, there is little doubt that he is an excellent trader.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
 
  #33 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
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He has stated various times that he trades instruments that require consistent profitability before trading. I don't see why someone would lie about this. He does respond fairly quickly which is amazing. However, If Big mike decided to retire or something happened to him, I'd still come to this forum because it is a great community. The fee is insignificant for what you get.

I don't trade like most of the people on this forum, However I still find it useful for looking up miscellaneous subjects that did help me. I came to this forum because no other place has the information this site has about specific topics. I don't regret the 50 dollars, It's not even as much as I'd lose on a bad trade.


Last edited by Itchymoku; November 20th, 2012 at 07:45 PM.
 
  #34 (permalink)
Elite Member
Salt Lake City, UT
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Dormans/Zen-fire
Favorite Futures: 6E ES YM
 
Posts: 233 since Mar 2010
Thanks: 46 given, 321 received

I have come to understand the question of is so'n'so a profitable trader is a beginner traders question. As previous posts on this thread have stated it does not matter if someone else is profitable or not. What is important - are you a successful trader, does your plan fit with your style, do you enter when the market proves your right and exit when it does not - if the answer is yes to these questions the profits work themselves out.

As for making money on the site fees - I used to ref soccer games, you can no longer pay me enough money to deal with arguments between individuals, $50 to deal with all the moderation of the thread posts on this site is not enough in my mind.

And the information readily available is 1000 fold more valuable than $50.

 
  #35 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NT
Broker/Data: TD Ameritrade, Dorman/Zenfire
Favorite Futures: CL,ES
 
VinceVirgil's Avatar
 
Posts: 1,752 since Aug 2011
Thanks: 2,144 given, 9,180 received

20-11-2012

Well, if there are 10,000 elite members that paid 50 bucks each, thats 500,000 gross.

Thats not yearly, or monthly...that could be since the begginning of futures.io (formerly BMT), going on 4 years?

Thats bearely 125k a year...low to mid level executive money in corporate America.

He aint getting rich running this site.

If hes not a profitable trader, he is close to broke right about...now.

 
  #36 (permalink)
Elite Member
Colorado, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NT/CQG
Favorite Futures: e-Mini S&P & Treasuries
 
mkaminski's Avatar
 
Posts: 79 since Jun 2011
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truman2 View Post
Big Mike's results: I'm so sorry to have been jaded by so many service providers / educators / well-meaning traders, but: the Elite service could be Mike's only way of making money. Mike, can you ask your broker to provide sanitized statements of your accounts to others showing that you actually are consistently profitable?

I could understand your concern if you were contemplating a subscription service offering trading advice. However, it is misplaced in this case.

Spend 30 minutes browsing what is available to you as a free member and the value of the ONE TIME RIDICULOUSLY LOW PRICE to become an Elite member will JUMP OUT at you.

Your only regret will be that you asked that question.

Best of luck.

Michael.


Last edited by mkaminski; November 20th, 2012 at 09:52 PM.
 
  #37 (permalink)
Elite Member
New York City
 
Futures Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus Futures/ Zenfire
Favorite Futures: ES
 
Posts: 68 since Aug 2009
Thanks: 48 given, 18 received

Making the big money with a blog like this is not in the $50 sub fee but in the ads. I'm sure he does pretty well with this site and good for him. Its the American dream baby, anyone can try.

 
  #38 (permalink)
Trading for Fun
Gainesville, Florida, United S
 
Futures Experience: None
Platform: TWS
Broker/Data: IB
Favorite Futures: Stocks
 
Posts: 66 since Dec 2010
Thanks: 30 given, 104 received

Two observations on this thread.....

1. Quite pathetic --- but predicatble --- the entire (futures.io (formerly BMT)) group charges to defend of their leader, commrade and authority figure.

But on the other hand.....

2. Who gives a sh!t whether Mike is a successful trader or not? If you don't like the $50 Elite fee -- then don't pay the damn man!

Peace,
Paige

The following 2 users say Thank You to Paige for this post:
 
  #39 (permalink)
Elite Member
Sydney / Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP
Favorite Futures: Oil
 
Posts: 116 since Jun 2009
Thanks: 125 given, 103 received

+1 to who cares. In all honesty, the amount of time you spend hypothesizing about Mike's profitability reaffirms the fact that you lack the potential to be profitable yourself. Concentrate less on Mike and more on yourself!

Good Luck

The following user says Thank You to jthom for this post:
 
  #40 (permalink)
Elite Member
Dartmouth NS
 
Futures Experience: Intermediate
Platform: MC, MC.Net, NT, TWS
Broker/Data: IB / IQFeed / Kids
Favorite Futures: Forex, stocks
 
bnichols's Avatar
 
Posts: 638 since Feb 2010
Thanks: 64 given, 459 received



Fat Tails View Post
Is the toolmaker a good sculptor? Is the piano maker a good pianist? Is the guy who codes brilliant indicators a good trader? I have no clue, whether @Big Mike is a good trader, but I believe that he is an excellent moderator for this forum. I also believe that his main interest in running the forum is to facilitate the exchange between traders, not to make money.

I am a member of Elite Trader, Trade2Win, Trader's Laboratory and Big Mike's. Out of the time which I dedicate to these four networks, over 95% goes to Big Mike's. Why? Because it corresponds to my needs as a trader. My questions were answered here, this place is where I learned lots of stuff from others, and relationships here tend to be more personal than in the other networks. I also have some fun here by posting in the off-topic sections.

Also I was admitted member without having a dog. I guess that there is no discrimination here.

Sums up my thoughts, except perhaps I spend less time on other sites

I've got my money's worth 100 x over. As others have said trading is all about you, the trader, not anybody else. futures.io (formerly BMT) is an environment rather than a how-to forum.


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