Hey ya’ll. I’ve been wanting to address this since I kinda sorta came back.I got this from some “Insiders”, so take it AS a grain of salt. It appears that all trading site traffic is down, even E.T. Also, virtually everyone I have talked to has the same complaint about low quality content and scammers, stealth vendors etc.
Now I will admit that the new format was, for me, a bit off putting. You know how us old people we don’t adapt well to change, but once you get over the shock, well one deals with it.
One of the things that I always keep in mind for this and other sites, is the fact that times have changed. In the '90s any Tom, Mike and TRO could have a website, and since we were in a bull market everyone looked like a trading genius. After the crash we had the PDT rule enacted in 2001, all the small retail accounts pulled out, and started trading futures and FOREX (Spot Currency). So futures sites and FOREX sites exploded.
Now here comes the money info, only eight years after the PDT went into place the great recession hit. Traders muddled through it, but the fact is trading stocks is totally different than trading Futures or FX. So more and more liquidity providers (retail traders) were blowing up their accounts. In the meantime here on BP there were people like Mike, Tymen etc. these peeps kept the ball rolling on the site, for a while. But when the brokers started dying off, GFT, FXCM, MBT Fx, PFG, IBFX and the list goes on, you knew something was up. Bottom line fewer people trading FX. Obviously you can’t run a business/website if you have no clients. So I think that overall, this is a systemic problem. The volume of people retail trading Spot currency has just dropped off, and I have no idea how Broker/Dealers are going to address this
With this in mind, think of the heyday of BP, again who were the cash cows, Mike, Tymen, etc. These folks stirred up some massive traffic, why, how? By telling people what they wanted to hear. All you have to do is become part of my Cult and you will prosper. No one wanted to hear the hard parts about trading. For example how to you bounce back from a $250k loss, or how do you tell your wife you just blew out half of your account in three trades, etc. Also no one wants to hear that they are messed up, that they have “thinking problems” or Mommy and Daddy issues. So since there is no one here on this site telling people they are OK when they are not, well you can figure it out.
As far as the “SnowFlake” deal, I was surprised that I got a warning about something I said to “Lexy”, actually I was shocked. The funny thing is, it was like Elementary School all over again, "Oh Mr Site Overlord, VIPER is running in the hall, and he called me “Poopy Head”. So there is that. I think what happens is the following.
Robot 1 “Oh no, site traffic is down”
Site Robot Elder 1 " Silence, Quick, meet that guy in the back alley, buy some likes,
followers, clicks, but don’t buy anything cut with Bots"
Robot 2 “But we have already blown out the 1st, 2nd, 3rd Q Budget
doing the same thing and nothing has changed”
Site Robot Elder 2 Silence, the problem is too much Bogan, and VIPERSpeak, and
meaness, and harshness, and triggering, and did I mention
Site Robot Elder 1 Silence, Yes that’s it, from this point on BP will be a safe
space for the brokenhearted, the down trodden, the
huddled masses, those yearning for financial freedom,
and a judgement free zone.
All Overlords (in unison) Silence, “So let it be written and so let it be done”
Site Robot Elder 1 Now you, Robot, take the ceremonial killamajig and kill the
And that’s how I think it happened, but I might be wrong. Also Lexy, got mad over a “vendor” picked up her toys, and went home. Oh well, what can a reptile do.
The Ever Reptilian VIPER