Meet The "Trader" Who Earns $30K "On A Bad Month" Working Just One Hour A Day
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."
Catch us on @Channel4 Right Now!!!! #DCT ???????? pic.twitter.com/TYSmtbugJ2
— DCT Trading Group (@DCTTradingGroup) January 4, 2016
Every new member gets a big shout out on Oyefeso's Twitter account. Here's a representative tweet:
Big welcome to @chrish9070 who has just joined the trading team #DCT ????
— Elijah Oyefeso (@itsoezz) January 5, 2016
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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Did you get the tip from his newsletter too?
He's probably just front-running his clients. Like no-one ever thought of doing that before.
This man was on last night show and he was a lovely bloke. Not only has he looked after his mum who lives in Africa,but he spends his money feeding and clothing the homeless . He was very down to earth and readily admitted he could lose it all as quickly as he's made it.
This man spent £3k in a shop to buy jumpers coats and umbrellas for the homeless. Why hasn't that been highlighted? This man has a lot of money because he spent the time to learn a trade but he has not forgot what it is to struggle in life. What a beautiful sole this man has. He deserves everything he gets.
You should definitely invest your money in his trade recommendations, and subscribe to his feed.
Definitely. I've been getting his investment advice for years, via emails from Nigeria.
I am certain it is as easy as he says it is. To bad I invested all my student loan money on marijuana to churn so I could pay the bills when I could have pissed it away in the market, to lose it all in 2008-2009.
I want to thank all the stoners for their commitment to staying completely numb, 24/7, the fine Mexican planters for growing those fine middies, and the American Indian reservation that facilitated border crossings, for paying for my books and incidentals while at university.
I want to say "fuck you" to all the professors who extolled and perpetuated the lie that there would be unlimited jobs and engineers retiring from industry making our success and wealth all but guaranteed.
I want to especially thank the Bush family for making student debt non-dischargeable in bankruptcy and teaching me the true meaning of serfdom.
At least I have a engineering degree, not that is doing me a lot of good right now, it seemed important at the time.
There has never been a better time to enlist!
PROTECTING AMERICA THE WORLD OVER
Commissioned Officers can be thought of as the leadership and management team of the Navy and Navy Reserve. They hold positions in dozens of different career and job areas – from health care to chaplaincy, aviation to engineering.
These men and women tend to be highly educated and/or experienced. And they use their professional skills and leadership abilities to kill people and to defend the petrol dollar.
http://www.navy.com/
I don't think they would take a 50 year old or have their standards fallen so far?
I appreciate the thought though!
Hey, don't knock a commissioned officer job. Make it to Captain as an Engineer, and you're making more than everyone you know. You'll be respected at that level, with a title and duties to match.
You just have to sign your life away, and you're golden.
And don't forget, the devil will get your soul in the end. You don't need it anyway: it's only a construct to pub money in the collection basket.
Is Age Discrimination allowed by them? Can guys >65 apply, if they got the Ed'n, and Experience?
Just askin', to see if we're all equal, but some are more equal than others.
I'm 53. Can I drive a submarine?
No, not the long black thing, with seamen in it.
@Dresden
If you have an eng degree and not making $100K+, must be by choice.
Not by choice at all!!!!
I put in applications all over the world. I have solid 15 years in water treatment. Do you know of anything? I can't even find a job slinging groceries!
@dresden
I meant no offense. There are numerous firms needing engineers with water treatment experience. Black & Veatch, AECOM, CH2M Hill, to name a few. Moreover, hundreds of systems integrators as well. In addition, numerous recruiting firms are eager to place engineers.
I admire anyone with an engineering degree. They are not easy to earn. Good luck...
Ya u is right, dats sum bootiful "sole" on doze Jordans 4 shore...
Sole--isn't that a fish?
He take with his left hand and hand back with his right hand.
It is absolutely impossible to make the return he does without it risking all your capital. He does not risk any capital because he is part of an organization (in my view) who fool people in and drain them out of money in unregulated binary options
He take with his left hand and hand back with his right hand.
It is absolutely impossible to make the return he does without it risking all your capital. He does not risk any capital because he is part of an organization (in my view) who fool people in and drain them out of money in unregulated binary options
Sure he does, delivering meals on wheels in his sports car. Maybe his strategy is to utilize the Dennis Fartman opposite trade theory. ZH scraping the bottom of the barrel with this shite.
Maybe he could help out Obamas brother George in Kenya. That cheap ass fake crying loser Barry sure wont.
PONZI is his name.
Sounds like a Nigerian Prince...
...Oh wait he is.
http://naijagists.com/photos-nigerian-university-dropout-elijah-oyefeso-turns-stock-market-millionaire-reveals-wealth-secrets/
"On a good month he makes 40,000 pounds."
"He is planning on building his mother a house in Nigeria".
So the guy has made millions and still can't build a house in Nigeria?
What does a good sized home in Nigeria cost? I'll bet less than $100k.
Elijah, It's the new Bernie. Long live Elijah, just before Free Elijah
Exactly.
They are all leased!
Where's Waxy and Ka-CHING?
FORWARD FUTURE SOVIET!
where is beeks?
Pimp lives matter!
I call bullshit, a black dude with a job!! C mon
No bullshit, he has discovered a secret ebonics code hidden in rap videos which allows him to pick winners risk free...
Take that da vinci
hahahahahahahahahahahahahahahahahahaha, what a knee slapper that one was...moron.
Time for a new Schtick, Hobo...racist jokes are only funny if you live in a town of less than 5,000.
Glad you enjoyed it, I'll be here all week. Go easy on your knee though ok? Unless you think it's racist too? In which case you beat that thing like Rodney King.
pwn'd
Only ZH is smart enough to question this "story", everywhere else I've seen it today, it's taken at face value.
Is CNN covering for Hillary over UFO investigation pledge?
http://tinyurl.com/jlobpbm
Black people have DICKS too!!
Meet the seller of Wu Tang Clan cd's.
I thought this was one of those spam comments we get on here every now and again, like my mother lost her job, and she now makes $18 000/month doing nothing exept lying in bed taking cock all day, you can also make it, just look here: http://www.isuckandfuck.... <---Not a real link I hope. hahahaha
I think ZeroHedge should do another story on this fellow....after the markets crash.
I suspect that his trading operation will remain "resilent", that is the drugs money income will continue despite the ups and downs of the market.
I guess this guy doesn't see what the guys at Nevsky Capital see.
drug money in hiding....must be a client of USB...no> JPM?...maybe HSBC.
dems sum dam good wings!
The press drags these articles out every once in a while in order to keep hope alive. For every one Eilijia, there are a million retail trading losers. In fact I would bet he was chosen by the TPTB to always win just to create this hope story.
It's likely a Ponzi scheme.
If you are refering to the stock market, I agree.
It's simple enough to put to the test. Wouldn't wager my own money on it though.
Remember Jewberg's story on the guy in Japan with 20 screens on his desk?
More power to him.