• Sprott Money
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Mystery Trader Revealed...And His Name Is 'Hope'

Tyler Durden's picture




 

The UK's Daily Mirror newspaper has uncovered the FX trader who dropped over $300k in a Scouse club. It is a 23-year old 'self-taught' barrow-boy named (somewhat ironically in our view) Alex Hope. Self-described as "talented (three years in and a six-figure salary, hhmm), charismatic (its amazing how much 'charisma' a GBP125k bottle of bubbly will buy), and thoroughly likeable (ditto) man. Alex Hope exudes knowledge..." and is willing to share it with you according to his website. How did he become this B.S.D. of the FX markets? "I took two months off my job at Wembley, got really obsessed with reading charts and got the guts to start trading properly." This self-made rosy-cheeked young man with a penchant for mind-numbingly-arrogant-looking photos on his website may have just become the poster boy for all that is 'great' about the free market - or perhaps a skim through his blog and media exposure will reassure us all that anything is possible as we note he does have some good taste (not just in Champagne) in RTing our posts on Twitter.

 

We can only HOPE that the next time he decides to go down the rub-a-dub-dub for a Leo Sayer, maybe he'll take some of us Septic Tanks with him on the frog-and-toad...as the days of the ship-it-in-large-on-the-left John, done-a-yard by-breakfast spot FX trader are clearly back with us.

 

And here is his Bio, enjoy:

London born and bred, Alex Hope, 22, is a self-taught trader who specialises in the Foreign Exchange Market. Despite his tender years, Alex is a name to watch out for in the city; an expert in the UK economy, he works the currency markets, regularly trading millions.

 

Alex teaches people how to make money from trading the biggest financial market in the world, the Foreign Exchange. With a trading volume of $4 trillion a day, in his eyes it is undoubtedly the best and most exciting market to be involved in. Another specialist area for this young entrepreneur is Commodities – Gold, Silver, Copper and Platinum; all materials that have great volume and movement on a daily basis and can earn a healthy profit.

 

Alex knows and loves the FX market. Throughout his youth, his passions were football and…currencies! At the age of 11, Alex had a deep-rooted interest in the different currencies and relished trips across Europe where he could explore this interest first hand.

 

After school, he spent just over 2 years in the sporting industry as a Football Coach for Charlton Athletic Community Scheme before moving into the hospitality sector. Although he was making a modest salary of £21k, he could not deny his interest in the financial field and set about teaching himself everything he could and should know about the economy. Whilst still living at home and holding down a full time job, Alex started to trade, opening his first account with just £500; in one day he’d more than doubled his money and turned the £500 into £1100 by trading gold.

 

As his confidence and knowledge grew, Alex knew this was the world for him and at 20 years old he headed for the city and soon found employment at The Forex Academy in early 2010 as a FX & Commodity Trader. In July this year, he stepped into the spotlight when his career was profiled in The Daily Telegraph, subsequently Alex went onto to work at leading Trading and Commodities company, Zone Invest Group. For a career that started out trading on the local market stalls for pocket money, to a modest £21k salary in the hospitality industry, Alex has since followed his dream in the trading world and his basic salary has entered the six figure bracket!

 

An entrepruenerial spirit through and through, whilst working full time and in his spare time, Alex also offers private teaching for students interested in learning the tricks of the trade (both one-to-one and small groups), helping others to profit from the liquid market. Many of the individuals travel worldwide to meet with him and glean from his experience.

 

A talented, charismatic and thoroughly likeable man, Alex Hope exudes knowledge and you can’t help but respect and admire this self-taught and self-made young trader. Watch out trading markets, Alex Hope is kicking up a storm!

 

We can only assume that his current place of employ, Zone Invest, will soon be doubling his base as the offers come flooding in as momo funds rotate from AAPL to HOPE...

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Mon, 03/05/2012 - 22:45 | 2226672 Ahmeexnal
Ahmeexnal's picture

HOPE AND CHANGE!

London born inbred

 

Mon, 03/05/2012 - 22:57 | 2226708 spiral_eyes
spiral_eyes's picture

 

Nah, this guy is a true Keynesian — exactly the kind of guy we need to fix our ailing economy.

He understands that gold is definitely not money ("commodity", bitches), and he is willing to put the money (real money — from a printing press, or better yet 010101110011010101) down on the table for the chlamydia-addled slags when it comes to helping the local economy of a fucking disgusting shithole like Liverpool. I can feel the aggregate demand soaring right now! The slags will go and buy Dolce and Gabbana handbags, home pregnancy tests and bottles of Lambrini, thus stimulating the economy, and paying taxes to pay down our debt!

Barack "I'll Bomb Ya" Obama understands the importance of aggregate demand too, and so is keenly working on a strategy to bomb Iran back to the Stone Age, and hopefully start a war with Russia and China, so that aggregate demand can rise and we can have a recovery, bitches!

http://azizonomics.com/2012/03/06/barack-ill-bomb-ya/

Hope & Change 2012! 

 

Mon, 03/05/2012 - 23:00 | 2226731 Ahmeexnal
Ahmeexnal's picture

True.  I expect Vagisil shortages in Liverpool metro area. Sounds like a localized bubble in the making. Really smart entepreneurs could profit from this.

Mon, 03/05/2012 - 23:08 | 2226746 spiral_eyes
spiral_eyes's picture

Paul Krugman — and other learned Keynesians — (where is MDB when you need him?) says there is no such thing as a bubble, because all prices can be reflated with enough Keynesian medicine.

When will Zero Hedge get with the Keynesian program and change their slogan to "on a long enough timeline the survival rate (and presumably rate of chlamydia infection) for everyone rises to infinity"?

 

Mon, 03/05/2012 - 23:23 | 2226784 CrazyCooter
CrazyCooter's picture

Upon reading the post (and article) I was overwhelmed by my intuition telling me Mr. Hope's ZH handle ...

Million ... Dollar ... Bonus

I mean, how else can this satire reach such staggering heights (just like the stock markets, bond prices, and frankly this guys hit count) ... until such a time as it all crashes and burns ... just the cycle of life ...

ASIDE: men desire younger women because, from a reproductive standpoint, they offer the best odds to successfully bear children. Men can't help the desire, it just worked for thousands of years. It amazes me how really smart folks dry hump corpses when it comes to money. You'd think that after all these cycles of getting cleaned out by, well, a corpse, we'd have learned something so simple.

Damn fools, the lot of 'em.

Regards,

Cooter

Mon, 03/05/2012 - 23:25 | 2226792 Ahmeexnal
Ahmeexnal's picture

In other news, Syrian regular troops capture french elite special black ops commando team in Homs:

http://rt.com/news/french-army-officers-syria-893/

Mon, 03/05/2012 - 23:47 | 2226841 redpill
redpill's picture

my god that website...kid should get some perspective before the ego bites him in the ass.

 

Funny part is that he reads Zerohedge.  He retweeted Tyler on March 1.

 

Mon, 03/05/2012 - 23:56 | 2226866 LowProfile
LowProfile's picture

Hmm...

Is that the faint waft of bullshit I smell?

Something not right about this.

Tue, 03/06/2012 - 00:25 | 2226922 AldousHuxley
AldousHuxley's picture

trading is 80/20. there will always be winners taking massive profits from larger masses of losers.

 

but in the end, the house wins by profitting off of each transaction. That's why US bailed out the gambling halls of world's elite on wall st....the market. Kings, Jews, Mafias all know that owning the gambling house gives you the most power.

Tue, 03/06/2012 - 01:52 | 2227059 Harlequin001
Harlequin001's picture

A part time trader has just as much chance of making money in this bent market as anybody else. In a manipulated market your either on the inside or you're just plain lucky... for a while anyway.

Thing is, if this story makes it to the MSM and the Guiness book of records, it's just a lot of very cheap advertising. All I can say is, good on ya, way to go...

I find it very difficult to resent someone just because they made some money...

Tue, 03/06/2012 - 03:19 | 2227192 Michael
Michael's picture

This lucky kid's great but why is this not a top topic on ZH?

Ron Paul Interview With Cavuto On Oil & The Dollar 03/05/12

Dr Ron Paul Can Get the Price of Gas Down to 10 Cents! : Theoretically.

http://www.youtube.com/watch?v=xreIsZpHzSk&feature=channel_video_title

Tue, 03/06/2012 - 04:32 | 2227258 CrazyCooter
CrazyCooter's picture

Aw, come on now Michael ... you know better ... 20-something kids in England do not make six figure forex trading salaries. Seriously? Not to give you a hard time, but this is clearly a media article plant (just compare the bar tab to his advertized salary).

Ok, now, correct me if I am wrong, but the leverage in this space means you blow up at the hint of a wrong move. Further, the markets are soooo broken (e.g. central bank intervention on a regular basis) there is no way to trade consistently on any kind of fundamentals; one is either symetric or asymetric in ones knowledge of the "future" (i.e. you either have the insider info or you don't).

And ZH just covered the story, if not made fun of it (my read). It is funny. I mean, fuck, when I was his age, at least I could (and still can) palm a basketball. This guy will be a fat, worthless, whiny POS in about three years when all but the elite have to earn their daily calories. For fucks sake, look at the photo graphic they put up on the kid. And champagne. Clearly the guy hasn't worked an honest day in his life, or he could get a lot more ass for a lot less money. I work for my money, I like Makers Mark.

As far as his bar tab goes ...

http://www.investmentpostcards.com/wp-content/uploads/2008/06/zim-1.jpg

Regards,

Cooter

Tue, 03/06/2012 - 06:31 | 2227334 ilion
ilion's picture

The f.cking analysts at Armada Markets were right again in their weekly update. On Sunday night they called for 1350 on SP500 at it is trading at 1352 right now. Also called for a test of support levels for Euro. Markets are manipulated or how else would they know about this.

Tue, 03/06/2012 - 08:00 | 2227369 BigJim
BigJim's picture

He's, what, 23 years old? Of course the money's gone to his head and he's going to waste it. If only he realises what a prat he looks, wearing shades in a nightclub. In 10 years he'll be cringing when he looks back at this.

But a self-taught FX trader is making his money via voluntary transactions with willing counterparties, unlike a lot of wealthy people who have made their money through coercion (ie, government). Good luck to him.

Tue, 03/06/2012 - 12:26 | 2228381 Not For Reuse
Not For Reuse's picture

OK, so this guy got a bunch of digits transferred into his bank account by gambling on what would happen to some other set of digits.

The fact that most people here think seem to think it is a "waste" to actually USE some of those digits in pursuit of a transcendent experience in the present, instead of converting it all immediately to gold coins and burying it in a fucking mason jar at the bottom of a fucking swamp, just shows how fucked up YOU ALL are about money

Tue, 03/06/2012 - 11:17 | 2227941 TheFourthStooge-ing
TheFourthStooge-ing's picture

Fuck off, spammer!

ilion shilling again for Estonian spam operation armada markets.

spadacapital.com = armadamarkets.com = fucking spammers

Minna põrgusse, spammer!

Persse saata!

Tue, 03/06/2012 - 09:42 | 2227526 Obadiah
Obadiah's picture

Good one ZCooter.

I took  asec to see wtf?  hehe

 

Also your right this is some fucking type of marketing peice... or he's better that corZine.

 

I he made it fair and square where do I sign up?  I 'll out work this lil puke and make him my bitch!

Tue, 03/06/2012 - 09:08 | 2227458 buckethead
buckethead's picture

SWEET!

 

Love me a few doses of Ron Paul medicine on a daily basis.

 

If they don't watch out he will do something far more drastic than win the presidency: Enlighten the populace as to how they are being fleeced, one and all.

Tue, 03/06/2012 - 04:54 | 2227272 TheGardener
TheGardener's picture

I`d fire him. If someone blows money like he robbed
a bank, next thing he becomes outright criminal.

Tue, 03/06/2012 - 00:26 | 2226925 JPM Hater001
JPM Hater001's picture

No, its the pun-tang he is getting at 23 you never got.

Get over it.  the wild dictates you either get ass or wisdom...but never both.

Ask lizzie.  You would be wise to get both from her...and he hasnt.

Tue, 03/06/2012 - 00:36 | 2226945 LowProfile
LowProfile's picture

More like this guy has inside information.

More likely though, he had a hot streak, and now wisely sells trading courses.

Tue, 03/06/2012 - 01:19 | 2227039 TruthInSunshine
TruthInSunshine's picture

 

 

Andy: No, here's where it makes the most sense. You need it so you don't forget.

Red: Forget?

Andy: That there are places in the world that aren't made out of stone. That there's... there's somethin' inside that they can't get to; that they can't touch. It's yours.

Red: What are you talkin' about?

Andy: Hope.

Red: Hope? Let me tell you something, my friend. Hope is a dangerous thing. Hope can drive a man insane. It's got no use on the inside. You'd better get used to that idea.

Andy: Like Brooks did?

Tue, 03/06/2012 - 01:21 | 2227051 flacon
flacon's picture

How much PRODUCTIVE CAPACITY did he contribute to socity? Oh... I forgot he is the GOD OF CONSUMERISM. IF NO ONE BUYS THAT BUBBLY THEN IT'S GONE TO WASTE, THANK GOD FOR CONSUMERS WITH MONEY WHO MAKE THE WORLD TURN..... FUKC YOU KEYNES!

Tue, 03/06/2012 - 01:35 | 2227066 LetThemEatRand
LetThemEatRand's picture

I think that the bubbly is going to trickle down at any moment......

Tue, 03/06/2012 - 08:04 | 2227371 BigJim
BigJim's picture

Apart from the fact he is making his money trading something that shouldn't exist (fiat currencies), he made his money through voluntary transactions.

He's no different (or more 'wrong') than a successful poker player. If someone is good at poker do you get all virtuous on his ass?

Tue, 03/06/2012 - 01:19 | 2227049 flacon
flacon's picture

If this is the reality we live in, then I'm going to sell all my silver when it reaches at least $50,000,000 per ounce. And don't kid me on this, it WILL.... shitheads like that scumbag will have enough to buy two maples from me. I'd gladly sell them to him so he can continue to booze it up like hell....

Tue, 03/06/2012 - 03:27 | 2227215 RafterManFMJ
RafterManFMJ's picture

 

 

You assume he is getting poon-tang;  tossing around such sums is really counter productive and reeks of try-hard; and what is he likely to get at such a club other than the well-worn troughs of hard, angular, high testosterone women?

Blowing 100K on a bottle, heh, he coulda blown 10K on a bottle blond and had her for the week.  But I'm glad such a productive member of our society is having a good time.  Such a useful, skilled dude. And six figures! Wow, I'm mightily impressed!

But really, good for him and Enga-land.  Good to see they've gotten a handle on their economy.

Tue, 03/06/2012 - 02:43 | 2227174 Cadavre
Cadavre's picture

He's kinda cute, in a bathhouse-ish sort of way .. first comes love - then comes marriage - then comes rehypothocation in a baby carriage (even the lack of proper dimpling in his generous cachetes fails to prohibit a profound double secret desire to pinch his chubby cheeks!)

Mon, 03/05/2012 - 23:32 | 2226810 WonderDawg
WonderDawg's picture

My desire for younger women has nothing to do with bearing children. Nothing like a nice firm twenty year old body.

Mon, 03/05/2012 - 23:35 | 2226817 Buckaroo Banzai
Buckaroo Banzai's picture

Anybody who spends $300k in a bar in one night is a fucking douchebag.

Mon, 03/05/2012 - 23:44 | 2226834 Matt
Matt's picture

yeah, he should have just bought gold bars and stuck them in a vault instead. What an asshole, spending money.

Tue, 03/06/2012 - 00:23 | 2226917 CvlDobd
CvlDobd's picture

Can't take it with you!

You'd seriously rather have some gold over some hot pussy and 15 minutes of fame?

You people need to live a little.

Tue, 03/06/2012 - 00:52 | 2226964 redpill
redpill's picture

Well keep in mind over half of it was that stupid champagne.  In my opinion the really fun parties start when you get some pre-ban Pernod Fils absinthe and a few girls like this.  Suddenly some bubbly and fake tits aren't enough anymore.  But alas, those were the good old days.

Tue, 03/06/2012 - 10:14 | 2227629 trav7777
trav7777's picture

Brignac champagne, seriously?  This shit only became "popular" when JayZ had it in a rap video after he decided Roederer Cristal wasn't his thing anymore.  Big gold bottle with an ace of spades on it.

The shit isn't even vintage, and this particular neb bottle is like 15L.  It's a "make it rain" club champagne.  This champagne is like Louis Vuitton apparel these days, loud and announcing itself.  Kind of the opposite of brioni or loro piana or a true luxury marque.

I would prefer Krug to any of these rap video brands, the 96 is vintage is supposed to have been one of the top 2 or 3 of the last century. 

And you should only blow money like that in a club if it's a strip club.

Tue, 03/06/2012 - 10:27 | 2227666 redpill
redpill's picture

Hell he probably didn't even drink any of it himself anyway.

Mon, 03/05/2012 - 23:48 | 2226845 edwardscpa
edwardscpa's picture

Correction: Anybody who gets so excited over having attained a six figure income (WOW!) and spends $300k in a bar in one night to celebrate is a clueless fucking douchebag.

Tue, 03/06/2012 - 01:12 | 2227026 Gidas19
Gidas19's picture

Leaving 5 kilos of Gold at the bar? for some fucking drinks? IS RETARDED, just shows how fucking idiotic this guy is... This kind of shit makes me so FUCKING MAD!!! And there is people in America who cant even afford 1.3 mill houses....

Tue, 03/06/2012 - 02:46 | 2227183 fourchan
fourchan's picture

He is the bubble.

Tue, 03/06/2012 - 10:13 | 2227623 Alethiometer
Alethiometer's picture

Are you referring to that poor sweet African-American couple that wasn't so much unable to afford to pay their mortgage as chose not to do so in the first place? 

I'm actually in the market to get a personal consumer loan to purchase a gas-guzzling automobile that is far removed from my affordibility and then choose not pay any of the loan payments whatsoever.  As long as I'm in it constantly driving they'll never be able to take it back.  I will also keep it in the garage of the $2 million dollar house at night; this is the house I purchased with no money down and have never paid a single payment on (nor property taxes). 

Tue, 03/06/2012 - 02:36 | 2227167 Unnatural Selection
Unnatural Selection's picture

True dat.

For the 6 figure income crowd, a $3000 bar tab is meaty.

Proportions tell me that unless he is making 8 figures, spending $300k in a night is is full retard.  Even then it is still full retard.

Tue, 03/06/2012 - 00:23 | 2226916 LetThemEatRand
LetThemEatRand's picture

Oligarch wannabe.  That's what they are training us all for.  You too can be like us if you just....

Tue, 03/06/2012 - 00:29 | 2226931 JPM Hater001
JPM Hater001's picture

"Anybody who spends $300k in a bar in one night is a fucking douchebag."

Yeah, that Douche will be paying for it for the next...month.

Of course in a year he will have slit his wrists in the collapse but let's celebrate him for now.

Go douche bag go!

Mon, 03/12/2012 - 23:09 | 2249475 Silver Bug
Silver Bug's picture

We are gonna need it.

 

Charms and beads

Tue, 03/06/2012 - 08:23 | 2227381 spinone
spinone's picture

Exactly.  Good traders look at money as a tool to deploy.  Would you blow $300K if you could turn it into $6M?  If this is how he uses his capital, there is no way he is a successful trader.

Tue, 03/06/2012 - 00:32 | 2226938 CrazyCooter
CrazyCooter's picture

Really? Ever wonder "why"? I think your answer is a bit ephemeral...

When you can snatch the pebble from masters hand, then you are ready to leave.

Regards,

Cooter

Tue, 03/06/2012 - 04:06 | 2227245 Al Gorerhythm
Al Gorerhythm's picture

Efemaral?

Tue, 03/06/2012 - 07:59 | 2227368 tgatliff
tgatliff's picture

Yes a true Keynesian entrepreneur.   Makes nothing, risks other peoples money, is leveraged to obscene levels, and expects to make huge amounts of money...  I am rather sure this will end well.

> 50% of the financial markets just need to go away.   They were intended to support real business.  Instead, they pretend they are real business.

Tue, 03/06/2012 - 01:38 | 2227070 Unprepared
Unprepared's picture

If this kid is smart, he could pocket in millions more every year just by putting his face on some of those online Forex trading website ads that make you "super rich in months"

Tue, 03/06/2012 - 08:42 | 2227408 YHC-FTSE
YHC-FTSE's picture

+1

Too funny for words. As for the article, Tyler's got the native patois down surprisingly, & annoyingly well. Bruce Krasting must be wondering if one of his seeds went astray 22 yrs ago inside a London tart.

Mon, 03/05/2012 - 23:18 | 2226773 piceridu
piceridu's picture

Wait 'til he gets that Black Amex bill...Hope and No Change

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