Meet The "Trader" Who Earns $30K "On A Bad Month" Working Just One Hour A Day

Tyler Durden's picture




 

On Sunday, July 12, 2015, 21-year old Elijah Oyefeso had a bad morning.

Somehow, he managed to crash his blue Bentley Continental into his metallic gold Lamborghini Gallardo.

Before:

After: 

But for Oyefeso, the crash was of no consequence. "Life goes on," he said, laughing off the accident. 

Why was a wreck involving nearly a half million in luxury cars no big deal for Oyefeso, you ask? Because this college dropout makes between £70,000 £80,000 on a "good month" trading stocks just one hour a day - or so he claims. According to the Daily Mail, Oyefeso "started by using his student loan" which he apparently pyramided into a small fortune. His Instagram profile reads: "MY NAME IS ELIJAH, & BEFORE I TURNED 20 I BOUGHT A LAMBO/BENTLEY WHICH REALLY PISSED ME OFF CUS I WAS TOO BROKE TO BUY A JET," a riff on a now famous line from the big screen adaptation of Jordan Belfort's story. 


In addition to luxury cars, Oyefeso has a thing for fine watches and flashing his wealth on social media. Have a look, for instance, at the following image which depicts a Rolex, some money, and, somewhat inexplicably, a Wing Stop to-go cup:

With a bit of hard work and dedication, you too can have a $20,000 watch, a roll of 20s, and carryout from Wing Stop: "If you work hard you don't need to look at the price tag, you just get it," Oyefeso boasts. Here's more: 

Elijah went to the University of Buckingham to study business management but put his student loan to good use. 

 

He said: 'I used my student loan during university and I thought "I could actually do this".

 

Elijah dropped out of university and started investing in the stock market with the cash sum. Within nine months, he claimed he was making tens of thousands of pounds.

 

He claims his income on a 'bad month' will be between £20,000 and £30,000, while it can be over £40,000 more on a good month. 

 

Elijah, who featured in Channel 4's Rich Kids Go Shopping on Channel 4, was filmed as he traded online, making £1,000 in just 15 minutes.

 

'I've been trading for three years, I know when to stop,' he said. 

 

The most he's lost in one go is nearly £10,000. 'When you lose it, you get back up. If you lose 12 times, you get back up 12 times.

 

'You want to leave a name when you're gone. Think about JP Morgan, the assets are worth 2.6 trillion. So that's a lot.'

 

Elijah, who listens to classical music while trading, said: 'There's a saying, you are who you chill with. I chill with people who have half a million in the bank.

 

'Earning £20 to £30,000 a month, in my world that's not good. It motivates you to do more.'

 

Elijah also has a collection of expensive watches, ranging from a Rolex to a Cartier watch costing £21,000 which he has only worn a couple of times.  

 

But he loves his watch collection, he said: 'You've got to treat them like princesses.'

 

He's even given them names, calling one watch Michelle and another Aaliyah after the singer.

There you have it. The American dream, only across the pond in the UK. Take out a student loan, invest in stocks, and ride the central bank put on your way to social media fame and fortune. But trading isn't Oyefeso's only source of income. As the Mail goes on to document, "he set up DCT Training Group to help others to get into trading, but after a free trial of five days he charges £107 a month for his expertise."

Every new member gets a big shout out on Oyefeso's Twitter account. Here's a representative tweet:

What does DCT do you ask? Well, let's ask them. Here's a bit of info from the official webpage

The benefits of options trading include low capital investment to get started and no leverage on your investment. Meaning if you invested £10 on a trade you could only lose £10 and your balance could never end up in the negative. It allows high rewards with fast returns. We don’t have to sit around waiting for weeks to see a return on our investment as returns can be made in a matter of minutes. Everything is a controlled risk as you set the investment amount and duration. 

 

We provide real time signals to new traders who do not necessarily hold the experience or skills to analyse markets for themselves or use technical indicators to predict the movement direction on an asset. These signals are sent out to notify them on when we spot a potentially profitable trade. Signals are calculated indications produced from our own technical analysis of the current markets and will guide you on the start time of the trade, expiry time, and the execution range. 

  • We send around 10 signals throughout the day. Return rates are usually around 70 – 85% profit back on successful trades. We advise spreading your investment by putting a small % of your balance on each trade. 
  • Trading signals simplify everything for you and enables you to place educated trades within a few minutes. You simply set the trade and wait for the expiry time. Hassle free and no waiting around or having to keep an eye on the markets. 
  • We average around 7/8 successful trades out of 10 on a consistent basis.

Basically, for £107 a month, Oyefeso will send you 10 options tips per day out of which "7-8" will be "successful." 

As anyone who's ever traded options knows, that's a virtual impossibilty. The idea that DTC bats .800 on 10 options trade ideas each and every trading day is borderline absurd and it's also worth noting that Oyefeso isn't exactly being transparent when he tells clients "your balance could never end up in the negative." An amateur could, for instance, forget to close an in-the-money position at expiry and get assigned. That wouldn't put someone "in the negative" per se (you'd be "in the positive" by definition), but coming up with the cash to buy 100 share lots of expensive stocks might not be what some of Oyefeso's clients bargained for. Also, successfully trading options requires the careful and vigilant management of volatile positions. It's not exactly a job that lends itself to working "one hour" per day.

In addition to equity options, Oyefeso is apparently an expert in commodities and FX. "We produce signals for all major markets (commodities, indices, stocks and forex) the right asset, predetermined time period and direction for a profitable trade," DCT's web site says. We assume he's 70-80% accurate on those calls as well.

We imagine there are plenty of "traders" out there who would enjoy living a lifestyle of Cartiers, Bentleys, and Wing Stop, especially if all you have to do is follow Oyefeso's "alerts". The question is how he and the legions of CB put-surfing, 17-year old hedge fund managers will fare on days like August 24, when everything falls apart in a harrowing bout of flash crashing madness during which not even the "all weather" Ray Dalios of the world manage to make money. Actually that's not the question. The question is whether Oyefeso is for real, or whether sometime in the not-so-distant future, we'll discover that the old adage "if something sounds too good to be true, it probably is," applies to 21-year old college dropouts driving golden Lamborghinis...

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Tue, 01/05/2016 - 12:59 | 7000402 nuubee
nuubee's picture

Black lives matter!

 

/S (really, do I have to do this?)

Tue, 01/05/2016 - 13:03 | 7000420 hedgeless_horseman
hedgeless_horseman's picture

 

 

I thought that Bernie Cornfeld was white and dead.

Tue, 01/05/2016 - 13:05 | 7000451 Urban Roman
Urban Roman's picture

Don't worry, Elijah, that'll buff right out!

And, without reading the article, Ponzi schemes work just great until you run out of suckers. . .

Tue, 01/05/2016 - 13:07 | 7000467 LowerSlowerDela...
LowerSlowerDelaware_LSD's picture

If Obama had a son...

Tue, 01/05/2016 - 13:13 | 7000504 InjectTheVenom
InjectTheVenom's picture

this guy is as phoney as the half-white pos who currently resides in the half-white house

Tue, 01/05/2016 - 13:20 | 7000559 Soul Glow
Soul Glow's picture

He trades the 3:30 ramp.  

Tue, 01/05/2016 - 13:24 | 7000583 ThaBigPerm
ThaBigPerm's picture

That's One Weird Trick!

Tue, 01/05/2016 - 13:46 | 7000708 NoDecaf
NoDecaf's picture

After the next big drop he'll be like Mike Tyson, broke as fuck but without a title belt and cameos in Hollywood.

Tue, 01/05/2016 - 13:54 | 7000755 NidStyles
NidStyles's picture

Tyson still has the fact that he's a beast. This guy probably can't even defend himself from the refugees. 

Tue, 01/05/2016 - 14:20 | 7000914 EnglishMajor
EnglishMajor's picture

It's really a generous offer. The trades are a bonus. What he really needs is help from a trustworthy individual to access an abandoned bank account, and you get to keep a portion of the money!

 

https://upload.wikimedia.org/wikipedia/commons/8/81/Scam_letter_posted_w...

 

 

Tue, 01/05/2016 - 15:27 | 7001308 NoDebt
NoDebt's picture

I would ask that ZH please stop posting my likeness on their website and stop with the ad hominem attacks on my lifestyle and social media posts.

And, yes, like Soul Glow said, I make all this money trading the 3:30 ramp.  Speaking of which... I need to go get ready.  The rest of my day I post on ZH, so I'm actually an OK guy.  I just like having a little bling in my life.

 

Tue, 01/05/2016 - 17:23 | 7001856 DownWithYogaPants
DownWithYogaPants's picture

I go chop your dollar!

Poverty no good at all no!  I am the master ... you are the mugu ( Isaura) 

https://www.youtube.com/watch?v=xUaW6anxuXI#t=0m17s

Tue, 01/05/2016 - 19:48 | 7002416 Occident Mortal
Occident Mortal's picture

The only thing this guy is trading is narcotics.

He has a bundle of £20 notes wrapped in two $20 bills and a gold Rolex? WTF? Why? Am I the only one seeing this? May I suggest he is selling £20 bags of Canabis.

Why the hell would a day trader have £400 in cash wrapped in foreign currency and a Rolex? If his money was legit he would just use a debit card like everyone else in the UK.

His description of trading is laughable.

He's a drug dealer who is obsessed with Wolf of Wall St so he has created a "day trader" alter ego for himself.

What a pillock.

Tue, 01/05/2016 - 20:13 | 7002503 EddieLomax
EddieLomax's picture

I wondered why the dollars in the UK, he's as geniune as a 9 bob note, the large roll of cash is something I'd only see on a wheeler dealer at best, he doesn't need that to buy fancy coffees.

My money would also be on a income from drugs that is washed through a stock dealing front company, his record on the stock market probably makes Gartman look good. 

Wed, 01/06/2016 - 02:07 | 7003487 Wile-E-Coyote
Wile-E-Coyote's picture

Yeah I clocked that, no one uses dollars in the UK they would be regarded as funny money. This is a BS article in a rag paper in the UK probably designed to get the average fool to invest in stocks. Anyway that fucker has dodgy taste, is he colourblind?

Wed, 01/06/2016 - 00:12 | 7003331 Overfed
Overfed's picture

Only fucktard fully controlled idiot sheep buy anything in person with a debit card. Free men pay cash. Truly free men pay with silver or gold.

Tue, 01/05/2016 - 21:10 | 7002744 OregonGrown
OregonGrown's picture

PULLING OUT MY BULLSHIT FLAG!

Tue, 01/05/2016 - 22:53 | 7003106 mkkby
mkkby's picture

Yep. Nigger is doing what niggs do -- dealing drugs.

Guaranteed -- the cars are leased, the watch is a chinese knock off, and the bills are $1s covered by a single 20.

Follow up on this story in 1 year.  He'll either be busted or killed off by the competition.

Wed, 01/06/2016 - 00:30 | 7003377 jeff montanye
jeff montanye's picture

you are wrong; there are clearly two twenties there.

Tue, 01/05/2016 - 15:24 | 7001310 Four chan
Four chan's picture

the third najarian has been located.

Tue, 01/05/2016 - 19:44 | 7002385 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

Le Chiffre

Tue, 01/05/2016 - 14:19 | 7000930 Ghost of PartysOver
Ghost of PartysOver's picture

The easy times will soon be over.  These folks who have taken up trading over the last 5 years or so might be in for a rude awakening.  I know I am dusting off my Pre Fed Manipulation trading methods.

Tue, 01/05/2016 - 14:42 | 7001050 JLee2027
JLee2027's picture

What could possibly go wrong?

Tue, 01/05/2016 - 20:50 | 7002668 Fullthrottle
Fullthrottle's picture

Good point, its a wonder they havent run him out of his Hood and stolen his cars. 

Tue, 01/05/2016 - 13:52 | 7000711 nope-1004
nope-1004's picture

Staged by TPTB to show the new American Dream:  Gambling!

"Now c'mon people, buy and sell stawks in our controlled casino and you could be rich like this rag too."

Tue, 01/05/2016 - 14:35 | 7001014 DrewJackson
DrewJackson's picture

 

More student loans to gamble in the markets!!   Genuis!!

 

StockDraftKings

 

 

Tue, 01/05/2016 - 17:20 | 7001853 BorisTheBlade
BorisTheBlade's picture

Shoeshine boy with Lambo and Bentley. ZIRP poster child.

Tue, 01/05/2016 - 19:41 | 7002403 MrPalladium
MrPalladium's picture

These days a shoe shine boy needs more than a few stock tips!! He needs a trading system and social media!!

Tue, 01/05/2016 - 21:52 | 7002892 logically possible
logically possible's picture

The only question I have, has he payed off the student loan?

Tue, 01/05/2016 - 13:51 | 7000739 kralizec
kralizec's picture

This is BS.  No black man in America "works", they skip out on the bitchez they knock up and set up operations in the next town...has to be a crack dealer, or maybe in professional sports or a rapper.

Tue, 01/05/2016 - 17:02 | 7001794 Blano
Blano's picture

He's in England.

Tue, 01/05/2016 - 19:34 | 7002378 KesselRunin12Parsecs
KesselRunin12Parsecs's picture

with a roll of $20's?

Tue, 01/05/2016 - 20:14 | 7002510 DavidC
DavidC's picture

Correct. Which is why it's bollocks.

DavidC

Tue, 01/05/2016 - 20:15 | 7002515 EddieLomax
EddieLomax's picture

Yep, it makes no sense, but a keen eye spotted that there is actually only two $20 dollar bills there with a wad of £20 ones in between.  And the original story was from the daily mail who described this creep as living in London.

Most places in the UK take plastic, so the need to carry around large quantities of hard cash seems odd, unless of course you are dealing drugs.

Tue, 01/05/2016 - 23:49 | 7003259 Mr.BlingBling
Mr.BlingBling's picture

"Most places in the UK take plastic, so the need to carry around large quantities of hard cash seems odd, unless of course you are dealing drugs."

. . . or you don't want to let some fucking bank get a piece of the action every time you spend a couple quid.

 

Tue, 01/05/2016 - 14:02 | 7000813 Agent P
Agent P's picture

Wait, what?  They have Wing Stop in England? 

Tue, 01/05/2016 - 17:26 | 7001870 DownWithYogaPants
DownWithYogaPants's picture

and probably EBT cards too!

Tue, 01/05/2016 - 14:05 | 7000832 Skateboarder
Skateboarder's picture

And DOW only on Tuesdays.

Tue, 01/05/2016 - 16:50 | 7001742 Kirk2NCC1701
Kirk2NCC1701's picture

Yo, he be tradin pink honkie MF'in a$$ to Muzzies and Chop-Shop Organ shoppers.

Cause #HonkieLivesDontMatter.

/s

Tue, 01/05/2016 - 13:30 | 7000616 Occident Mortal
Occident Mortal's picture

The guy is clearly selling drugs.

Tue, 01/05/2016 - 15:53 | 7001484 Dr. Spin
Dr. Spin's picture

Pimping...

Tue, 01/05/2016 - 17:23 | 7001861 pelican
pelican's picture

or running guns... either say he just made himself a person of interested to the IRS or the British equivalent.

 

Dummy.

Tue, 01/05/2016 - 19:42 | 7002406 57-71
57-71's picture

Or maybe daddy/uncle is an African dictator who keeps him in cash and cars.

Tue, 01/05/2016 - 22:54 | 7003078 Lore
Lore's picture

+1 on running guns. I knew a similar situation in Canada a few years ago, including the obligatory fancy cars and bling. For cash up front, the guy claimed that he could produce almost anything you wanted within 48 hours.  It didn't end well.

That said, running guns and drugs across borders is reportedly a strong growth industry. It's why governments are the biggest operators.

Wed, 01/06/2016 - 05:44 | 7003654 X_Weatherman
X_Weatherman's picture

I Bet Hillary and Co. made a bundel at Benghazi.

Tue, 01/05/2016 - 16:02 | 7001535 scintillator9
scintillator9's picture

Anyone remember Alex Hope?

http://www.zerohedge.com/news/mystery-trader-revealedand-his-name-hope

http://www.zerohedge.com/news/2014-04-24/superstar-fx-trader-whiz-kid-no...

Because obviously all it takes to fool rich, easily-swayed idiots is a guy chugging hundreds of thousands of dollars in booze and hanging out with bobos. No, really:

Tue, 01/05/2016 - 21:39 | 7002846 WillyGroper
WillyGroper's picture

So he lives in England, his profits in ps yet his watch is wrapped around a wad of greenbacks & he eats at Wingstop?

hahahahahah

BS

Tue, 01/05/2016 - 13:14 | 7000513 CrimsonAvenger
CrimsonAvenger's picture

...he'd rob this guy.

Tue, 01/05/2016 - 13:29 | 7000605 hobopants
hobopants's picture

Just hazarding a guess but I bet it's no more than a month from now that we get a follow up story exposing what this guy is really up to, I'm going to go out on a limb and say it has nothing to do with the stock market and probably has the word "trafficking" in it.

Tue, 01/05/2016 - 13:31 | 7000612 hedgeless_horseman
hedgeless_horseman's picture

 

 

...a follow up story exposing what this guy is really up to...

The jig is up!  I will bid the call on that with an expiration this Monday,  Jan 11.

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