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 - 13:04 | 7000437 KnuckleDragger-X
KnuckleDragger-X's picture

Strange. That doesn't look either Gartman or Cramer, so I'm suspicious.......

Tue, 01/05/2016 - 13:04 | 7000441 yovatti
yovatti's picture

I never cease to be amazed at how these guys who "earn 80K/mo" trading, seem to have a need for you $107/mo in exchange for their great ideas.

 

#BlackCrimesMatter

 

Tue, 01/05/2016 - 15:00 | 7001156 mspgrandi
mspgrandi's picture

because that is how they earn. Fool 80 kids or old people in handing you $107 a month = $10,000   +

run their accounts and let them use your platform = $10,000

 

he makes money not from trading (from fooling people)

Tue, 01/05/2016 - 16:20 | 7001631 U4 eee aaa
U4 eee aaa's picture

Yes, that is a rule of thumb from trading 101

If a guy can promise you a trading win 80% of the time why does he need to waste his time (because running a newsletter does take work, certainly more than an hour per day) selling a newsletter?

It is not logical.

This is the first thing I always say to people when they forward me their latest newsletter find

Tue, 01/05/2016 - 15:00 | 7001157 mspgrandi
mspgrandi's picture

because that is how they earn. Fool 80 kids or old people in handing you $107 a month = $10,000   +

run their accounts and let them use your platform = $10,000

 

he makes money not from trading (from fooling people)

Tue, 01/05/2016 - 21:01 | 7002722 Fullthrottle
Fullthrottle's picture

Its like those House-flipping shows all over tv. Scam city. 

Tue, 01/05/2016 - 13:04 | 7000442 City_Of_Champyinz
City_Of_Champyinz's picture

LOL now that is some humor I can appreciate.  This guy is 100% full of shit.

Tue, 01/05/2016 - 13:04 | 7000444 Richard Chesler
Richard Chesler's picture

Wu Tang Financial,

https://youtu.be/KmGnl7quDbY?t=19s

 

Tue, 01/05/2016 - 13:06 | 7000448 OregonGrown
OregonGrown's picture

Reminiscent of the ol' JP Morgan story when Morgan got a stock tip from the shoe shine boy......  That is when he knew it was time to sell everything... Just before the start of the great depression....

 

TICK TOCK bitches!

 

 

Wed, 01/06/2016 - 06:56 | 7003754 forexskin
forexskin's picture

right story, wrong guy. that was joe kennedy in 1929 keeping hope alive for the 1960 election

Tue, 01/05/2016 - 13:04 | 7000449 BlueStreet
BlueStreet's picture

"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."

Kicker. 

Tue, 01/05/2016 - 13:05 | 7000453 idontcare
idontcare's picture

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

 

Nuff said bro!

Tue, 01/05/2016 - 13:12 | 7000503 Bangin7GramRocks
Bangin7GramRocks's picture

Black Lenny Dykstra! That mumbling regard flashed expensive shit to prove his "genius" too. HBO & Cramerica aided and abetted that crime. This poor guy needs to go at it alone.

Tue, 01/05/2016 - 13:19 | 7000541 OregonGrown
OregonGrown's picture

Lenny Dykstra???  Boy, you sure dug deep for that one!

Tue, 01/05/2016 - 14:13 | 7000890 Squid Viscous
Squid Viscous's picture

u mean Cramer's buddy? lol,

Tue, 01/05/2016 - 15:06 | 7001198 The Saint
The Saint's picture

7 to 8 of which will reach you after the fact.

Tue, 01/05/2016 - 13:05 | 7000455 DetectiveStern
DetectiveStern's picture

Seems a bit of a prick but I like this attitude.

"When you lose it, you get back up. If you lose 12 times, you get back up 12 times."

Tue, 01/05/2016 - 13:06 | 7000456 Keynesians say ...
Keynesians say the darndest things's picture

The Nigerian Prince made it. No more email scams needed

Tue, 01/05/2016 - 13:07 | 7000459 JLO
JLO's picture

No gold teeth or Furry dice?

Tue, 01/05/2016 - 13:11 | 7000492 FreeShitter
FreeShitter's picture

teef

Tue, 01/05/2016 - 13:19 | 7000542 IridiumRebel
IridiumRebel's picture

troof

Tue, 01/05/2016 - 13:23 | 7000580 GhostOfDiogenes
GhostOfDiogenes's picture

fo shizzle my nizzles!

Probably banging white chicks and poppin bottles off at the strip clubbbbssss!

Cause money matters before morals here.

Tue, 01/05/2016 - 13:11 | 7000493 FreeShitter
FreeShitter's picture

teef

Tue, 01/05/2016 - 13:19 | 7000544 IridiumRebel
IridiumRebel's picture

supa troof

Tue, 01/05/2016 - 13:29 | 7000611 OregonGrown
OregonGrown's picture

NOW THAT was funny!

 

Thank you for the full belly laugh!

Tue, 01/05/2016 - 13:07 | 7000465 Spungo
Spungo's picture

I'm just here to read all of the racist comments ZH readers are sure to post.

Tue, 01/05/2016 - 13:09 | 7000482 MrTown3
MrTown3's picture

Comments full of impotent rage that signal that something in their own lives is not quite going how they think it should.

Tue, 01/05/2016 - 17:45 | 7000517 LowerSlowerDela...
LowerSlowerDelaware_LSD's picture

I'm just here to read all of the smug comments from people who are professionally trained to say "does you want fries wit dat," calling people raycisss.

Tue, 01/05/2016 - 14:02 | 7000817 Bopper09
Bopper09's picture

"I'm proud to be black" said the African

"I'm proud to be asian" said the Chinaman

"I'm proud to be white" said the racist

Tue, 01/05/2016 - 17:08 | 7001819 BadLibertarian
BadLibertarian's picture

"I'm proud to be human" said the person completely ignorant of history. 

Tue, 01/05/2016 - 14:34 | 7001008 DetectiveStern
DetectiveStern's picture

Fuck off white boy.

Tue, 01/05/2016 - 16:19 | 7001622 kaa1016
kaa1016's picture

That's the beauty of the internet. Anonymous people can post whatever they want without the fear of getting fired from their jobs (if some even have jobs) or getting punched in the mouth for talking shit. It's not just ZeroHedge, but the internet in general. This is the world we live in...

Tue, 01/05/2016 - 13:09 | 7000478 Richard Head
Richard Head's picture

He ranks #2 behind Hillary Clinton (futures genius) among all-time great traders.

Tue, 01/05/2016 - 13:10 | 7000486 Vlad the Inhaler
Vlad the Inhaler's picture

The kid seems to have done pretty well for himself.  And his trading advice sounds pretty conservative to me.  Now the final lesson he needs to learn is that buying fancy shit doesn't bring happiness.

Tue, 01/05/2016 - 16:25 | 7001646 U4 eee aaa
U4 eee aaa's picture

let's look at the books first before we congratulate him

Tue, 01/05/2016 - 13:11 | 7000487 fifthclmn
fifthclmn's picture

When looking at him in front of the cars, I can't stop thinking of the movie Bowfinger.  Is that a thing?  "Bowfingering?"

Tue, 01/05/2016 - 13:12 | 7000497 replaceme
replaceme's picture

Think about JP Morgan, the assets are worth 2.6 trillion. So that's a lot.

He really has a way of cutting thru the fog; where do I sign up?

Tue, 01/05/2016 - 13:12 | 7000502 NEOSERF
NEOSERF's picture

Someone check whether his boys are selling the UN rice delivered in Somalia to the needy or are selling it to the troops...

Tue, 01/05/2016 - 13:13 | 7000507 Towgunner
Towgunner's picture

Good for him. 

Tue, 01/05/2016 - 13:13 | 7000508 Dre4dwolf
Dre4dwolf's picture

SO how long before he endsup behind bars for pilfering his clients funds?

Tue, 01/05/2016 - 13:41 | 7000672 atomp
atomp's picture

no client funds.

charge 748 suckers 107/mo, there's his 80k/mo

on a bad month, he only gets 280 suckers to pay him for his leased lambo/bently pics

Tue, 01/05/2016 - 16:26 | 7001652 U4 eee aaa
U4 eee aaa's picture

The retention rate is probably pretty low but there are a lot of people in the world that are financially illiterate and would believe this stuff

Tue, 01/05/2016 - 13:14 | 7000512 Crasiatic
Crasiatic's picture

....I worked at several professional shops in NYC leading up to and through the Dodd Frank trickle-down ruining most of the prop and market making shops - Most were extremely "loose" when it came to risk management - meaning they let my instict ride more than the charts.....these gains are not understandably possible.....especially in an hour per day...he'd be detained by the Feds and working to decode China's lies and stuff if this was really the case of him being this kind of supergenious....something weird here

Tue, 01/05/2016 - 13:36 | 7000653 Vlad the Inhaler
Vlad the Inhaler's picture

70-80% on a trade is not unrealistic for an options contract.  

Tue, 01/05/2016 - 15:01 | 7001168 Clowns on Acid
Clowns on Acid's picture

For 8 out of 9 trades per day it is.... indeed probably impossible.

Please read from people who have actually traded at many levels... bank market maker, hedge fund position trader, individual trader....  etc...

Tue, 01/05/2016 - 13:14 | 7000514 MrTown3
MrTown3's picture

What happens when you die and figure out you were in a video game getting mad over nothing?

Tue, 01/05/2016 - 13:20 | 7000516 Yen Cross
Yen Cross's picture

lol. I needed a good joke on this rainy day Tyler.

 I get junk mail from all those binary option bucket shops all the time, and promptly move them into the oval filing cabinet.

 

 

Tue, 01/05/2016 - 13:15 | 7000518 abyssinian
abyssinian's picture

$40,000 a month isn't a lot of money and he is buying those cars?   "Ni***er Rich Matters" 

Tue, 01/05/2016 - 13:22 | 7000577 seek
seek's picture

I don't think I'd use your particular term, but safe to say he's living a debt-fueled lifestyle. I see the same thing were I used to live, which I think is still the second-whitest city in the US.

It's the same shit everywhere and with everyone: start making some real money, and then blowing it all of conspicuous consumption shit and debt service. They turn incomes of 500K into 3-5M of debt and blow it on McMansions, Lambos, exotic vacations. Then lose the job/business, the entire thing implodes, and the banks take the hit and the rest of us pay for it. It's just the 1% version of the FSA.

Tue, 01/05/2016 - 16:29 | 7001658 U4 eee aaa
U4 eee aaa's picture

He probably writes the cars off as an advertising expense

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