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...
(24 votes)
»
- Login or register to post comments
- Printer-friendly version
- Send to friend
- advertisements -
Shocking! The amount of racist comments. Here's a fact everyone of you fuckers and some hails from Africa, weakness, greed and various other characteristics caused migration North of the Equator, leading to everyone being trapped by the ice. Those who survived, adapted by losing their pigmentation, different eye colours emerged mainly in females to attract mates as the male population died due to violence... Enough of the acheaological lesson. My point is that black, white, green, what does it matter?
You idiots actually believe Europe, America belong to white people only. It's stuff like this that makes me say, Africa ought to get its shit together, even if it means over a mountain of corpses, let's see where you will get the resources to keep using your Iphone or the Titanium to put in your tanks to talk tough against Russia. I find people some people to be sooo stupid, the biggest Ponzi scheme is Wall Street, I should know... That poor sucker is nothing but an honest wall street guy making a living but I guess you racist fools would rather rate Goldmans ponzi scheme becuase they are white and wear suits. This is why most of you eventually end up dumb, broke and racist.
Well done to that Negro who realized, it is time to get his. The rest of you can keep hating, you know you want his Bentley but... You are white and honest, so yes you are being fucked.
that's it! TYLER?! over here, read this^.......................wtf......................
Can't help but wonder who he fronts for.
Is he one of the unscrupulous traders Reuters is referring to?
"The Financial Industry Regulatory Authority will examine how well high-frequency trading firms are protecting their systems from unscrupulous traders who are trying to manipulate markets"
Hahahahahaha. HFTs protecting themselves from manipulation.
http://www.reuters.com/article/us-finra-culture-idUSKBN0UJ1EH20160105
So basically he doesn't do nuffin?
I don't always drive my Lamborghini... But when I do, it's in reverse down the sidewalk.
How exactly did he manage to hit one of his cars with the other? I guess being a market master doesn't allow for manning expensive cars.
Louis Roederer Cristal
Another leach on the fanny.
He's da real Ali-G..
If he's a Brit, why is the money rolled up in the Rolex USD?
He must be very hands-on with his FX trades.
"In addition to equity options, Oyefeso is apparently an expert in commodities and FX."
I wouldn't be surprised if the USD, rolex, wingstop photo was taken from the rapper Rick Ross' instagram or something.
Looks over 35, NOT 21.
He might be one and only one in England, or a "specialist" from Nigeria, who will be offering " investemnt lessons".
I did a bit of looking around, and this is apparently his actual company:
http://www.endole.co.uk/company/09267026/iwanttotrade-limited
He's over-due on his accounts, company was formed late 2014, no accounts filed.
One director, 21 years old "market analyst". Based out of a flat in South East London.
He's also breaking UK company rules by not having company number and registered address on the website.
So in summary, he's working a scam or three. Neither Channel4 or the DailyMail have done their homework on this guy apparently. I am shocked.
Nonsense.
citym says he's a Magic Negro and I believe him.
Something stinks
Ghetto ass version of Martin Shkreli.
I feel sorry for him. You have to go broke a few times if you want to stay rich. Better go broke when you're 20 and not 40.
FULL OF SHIT. H and blow sells for a premium I hear across the pond
If something sounds to be too good to be true, it is not true. This sounds way too good.
Mr. Truman drops atomic bombs on women and children and it my father who is posthumously adjudged a war criminal.
At Yalta with a sweep of a pen, a senile president condemns a third of the world to communism.
***Europe with the zeal of a missionary gone mad, hands over the wealth and resources of Africa to savages who have barely learned to beat a drum.***
Then you give them tanks and arms to replace their bows and arrows.
And when your freezers arrive, they use them to store their enemies for dinner.
I have the grace not to mention Vietnam.
All over your brave new democratic world, inflation spirals as literacy drops.
And in America? They vote for law and order whilst shooting down Presidents, schoolchildren, and rock stars in the streets.
The Holcroft Covenant (1985)
No way he bought all this stuff on $30K per month. Something is fishy here.
I think the fact we are seeing these 'success stories' is fishier - or fishiest
The ameteurs are being lined up for a fleecing
These Hypsters are so successful that they will do it for you for a trifiling subscription - or perhaps not so trifiling a subscription.
Southside Bristol pimpin'
drug bling usuallly goes with drug money
Making £ and carrying a roll of $ - hmm
>he managed to crash his blue Bentley Continental into his metallic gold Lamborghini Gallardo.
Standard Disclaimer: Did this idiot ever think about spending some of his money on a two car garage?
I bet he uses eToro....Something of that atricle smacks me of eToro(esk)
Right about when it seems like the perfect time to trade the market - something unforseen and unpredictable occurs and the paper millionaires start jumping from bridges.
Black people fall too.
But at least they can swim. Oh, wait. Hmmm.
He was on a show last night about how the young rich spend their cash. He buys and distributes bags of clothes to homeless people. Respect dude.
Just like Tyson said " Everyone has a plan, until they get BOXED in the face". Becareful.
He trades binary options, that's y he only works for an hr a day. He probs gets his signals from somewhere else, then places the close up or down by a certain time order and he's done. Those things are pretty scammy if you ask me tho. Most of them cannot accept American customers and are based out of Cyprus because of the lax financial laws.
Thus Sprach Tyrone: "Sheeeeit".
Millionaire? So he makes 30-40K a month. With UK taxes and London's extremely high cost of living, he isn't taking home much. He is a poser with a watch and 3 expensive car payments...moving on.
Looks like paid advert.
DO you believe this scam ?
He just make money from refering the use if binary options.
Plenty of fishes around FB, Twitter, Youtube, paper and TV Media.
I am surprised Tyler Durden post this c*** here.
Did this Magic Negro pay back his student loans? I thought not. I see somebody laundering money here. Look for him to drop out of sight, be seen briefly in the Caribbean, and then vanish completely - as in 'glug'.
"Signals"??? Here's a signal.
2 cars wrecked at once
Piker! Lord Obongo crashed an entire country, cost: $10 Trillion and counting!
Just goes to show... you can take the bunny out of the jungle, but...
He is the black version of the cracker with exotic cars, mansions and a garage full of crook books.
Lambo for $20K
https://www.youtube.com/watch?v=3T1f24JVaMU
Why would he have a roll of 20's in England?
That's a very good question.
I earn mim $30K working 1/2 an hour a day......
there - I just undercut him.....
BUY MY TIPS!
4 minute abs
So this is the latest Nigerian scam. The only thing truthful about this story was the wrecked cars at the beginning. I've never yet seen a nigger that could drive. Anything.
Seems to me Tyler that rather than telling abut the absurdity; you could have gotten the subscription and put it to the test and write a story about the "absurdity" based on real experience.
You didnt build that.