"Besides free membership, the Website also offers Elite Membership at a one-time non-refundable fee of (USD) $100 for lifetime access. Elite Membership enables the members to access certain privileged and reserved sections of the Website, which provide better services and features."
As you can read, BMT has raised the cost of Elite membership from $50 to $100. As most of us in the trading community know, Mike is a burnt out, perennial losing trader who started the site to hoodwink other traders into becoming Elite members so he could essentially charge $50 to allow them to download indicators that were developed by other people. He pirated many of those indicators from developers without their express permission. It's constructive to know, Mike lost so much money trading, that his wife divorced him (he admits this on the site) and he had to marry his dog who is his avatar on the site. He created the site because he was broke and desperately needed income.
Mike must have a very small wenis. Why? Because he gets a real thrill from revoking memberships from anyone who even vaguely questions his wisdom, advice, or trading prowess. On BMT, he is the Wizard of Oz--the small man behind the curtain who wields power over a community of other losing traders. He is said to never get any sleep nor take any time off from the Forum, reading every single post and stroking his faithful (many who spend their lives posting ad nauseum) with a "Thank you" on their posts. In essence, he is a modern day L. Ron Hubbard and Jim Jones rolled into one.
Anyway, I digress. Elite membership doesn't provide anything "better" than the rest of the site. The Elite indicators are not worth $1, let alone $100, because he got them for FREE from donating members and others who developed them. So, I think it's only fair in the spirit of sharing to the community to give back what Mike has pinched from others. And, as far as the other threads in Elite (Journals, vendor reviews, psychology tips, webinars by vendors who pay Mike) they are worthless in terms of getting a real Edge because they are all opinions, setups and experiences of losing traders who seek winning methods from other losing traders and vendors who were also losing traders.
A member who realized he was ripped off by Mike, has decided to make many of these indicators available to the community for the very same price Mike paid; namely $000.00. This member has bestowed the collection of indicators to me and carried out his wishes to share with the trading community. After all, this is Mike's mantra, clearly stated on the site: "We firmly believe in openness and encourage sharing."
So share we will. In the next few days, I will attempt to make these indicators available for everyone in the spirit of Mike's philosophy.
