Fraudster Christopher Angus does not gamble, he embezzles

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Convicted fraudster and self-confessed criminal Christopher Angus is kicking off an educational video series on boosting investor confidence so you may steal from them. He is providing over a dozen detailed free video tutorials on how to defraud investors. This third video is 22:38 & was shared on March 18, 2016. The criminal who shot these videos delivered over a 99% investment loss, as he simply stole the money and integrated it into other investment scams abroad.
https://www.oxfordmail.co.uk/news/18155553.oxford-fraudster-christopher-angus-defrauded-friend-2m/
Crown Police never followed the money trail.

Christopher Angus is associated with Stella Huh and Timothy Barton, who stand trial in the United States on November 2, 2026.
http://www.seobook.com/stella-huh/criminal-case-docket-sheet%204-22-2026-(22-cr-00352).pdf

Video Highlights

• 0 minutes 40 seconds: did not do any trades because risk in market was too high, sat on hands
• 3 minutes 30 seconds: talks about how 5 point range in S&P 500 is absurdly tight & how normal range is 17 to 20 points
• 5 minutes 20 seconds: gambling is not what we do
• 6 minutes 20 seconds: difference between high volatility & low volatility markets in terms of margin of safety in entry and exits
• 12 minutes 5 seconds: does not believe in crystal ball & only trades reactively to good trade set ups
• 15 minutes 10 seconds: again talks about hedging any positions
• 16 minutes 20 seconds: vix at 20 is often a decent entry point to start buying
• 19 minutes 20 seconds: (over next 1 minute & 10 seconds) explains how low volatility makes entries harder & states he thinks options get too complicated. mentions most the smart people in options make money selling premium, which is writing options betting volatility will fall. then states he can't deviate from what he does which works even in bad markets we still make money.
• 20 minutes 30 seconds: states importance of discipline & states people who lose it and start fooling around are basically gambling

A version of this video is available for download at
https://www.dropbox.com/s/6gk39go5yqwm9m7/video%202%202016%20mar%2018.flv?dl=0

Video Transcript

00:00 Christopher Angus: Okay, so, just a quick recap. I didn't do any trades today, reason being is nothing happened. Looking back at the opportunity, there was possibly one move that may have worked, but it was such a tiny move that the risk far outweighed the reward. I'll get to that just in a second. Let's go here. And this is the move that I'm talking about. You probably can't see these numbers 'cause on the video, it always comes out with slight low quality, but that's starting at about 13.82. The futures again operate at a slightly different number, but... And they move a little less than this. So, even if we're just trading the VIX here, we would have really struggled to do anything and actually come out with a profit and not get trapped in a trade over the weekend, which is something which should always be avoided 'cause you don't know what's gonna happen.

01:13 Christopher Angus: So, as you can see, this is the open and we... Because it's... We're in such a low, low, low place, we are only buying. So, as it came down, this is the only time we could have bought it. Bear in mind, when you take into account the spread, this move is about 0.4, and the spread is 0.1. So that leaves you with 0.3 points to play with. Again, you're not gonna nail it on the bottom, maybe you'll get a 0.1 off the bottom and 0.1 off the top because you gonna let it roll on you as it starts going over and then you're gonna say, "Okay, you know, it's... The markets turn, I'm gonna take my profit here." So, take into account that's 0.4. You can take off 0.1 straight away for the commission. Yes, we get a tiny bit of that back, but it's not much on one's tiny trade. So then we've got 0.3 left and we're gonna give away 0.1 to stock, and we know it's actually turning, and we're gonna give away 0.1 when we think it's rolling over. So, from 0.4, we're left with 0.1 profit, which is one tick, 10 ticks to a point on the VIX, which is the very smallest increment you can make. Bear in mind, I like to make one point a day, not 0.1 points a day. Its just the risk doesn't justify the reward.

02:48 S1: And if I just go back to the S&P here, you can see the S&P opened, what's that, 2045, went up to 2050, went back down to where it opened, and then went back up to where it closed. So the whole day, this was in a like five-point range, which is insane. That's just algos fighting each other, basically, with no big market participation. Volumes are very, very low at the moment, for some reason. Normally, there's around 200,000 shares traded on the DOW. At the moment, there's 200 million shares traded with all the DOW constituents, there's 30 companies within the DOW. It's 200 million shares, and that's kind of the average. At the moment, I'm about 90 million, so we're really down on volume. So, we need some news. So to have a market that's stuck in a five-point range... The average daily movement on the S&P normally, like just in a normal day, the normal range is like 17 to 20 points. It was 17 a while ago, but when the volatility really picked up in the last three months, went to about 20. So, even stuff which is historical that... The movement on the S&P will be about 17 points; today, it's five.

04:25 Christopher Angus: Really an impossible trading environment at the moment. Now, the market really just couldn't break out, it didn't break down, either, but it seems to be running out of steam. So we're positioned in a very good position, again, we've had a shitty week. I'm sorry, I do apologize, but there's literally nothing I can do. There's one move today and it just does... It didn't make any sense to even bother trading that and getting stuck over the weekend. You know, I would have been reporting 0.1% at best. You can see it's just what the market's doing, and even if you're trying to trade another market like the S&P, it would be a very similar story. What's the alternative? Go pick some small stocks and gamble. It's not really what we do.

05:25 Christopher Angus: So, I wanted to just take some time as well just to explain how things work in low-volatility environments and how things work in high-volatility environments and where the risks are. I don't know how... Oops. I don't know how high I can actually get this. That's a bit better, and then... That's kind of better. So, the brown tree or the green tree here... This is high volatility. See if I can do some writing here.

[pause]

06:31 Christopher Angus: And then the brown tree here is low. Low volatility. And what this... Imagine it was raining and you had to go stand under a tree, and both of us had to get under a tree. The brown one's only gonna take one person because it's narrow, so, that's you. And it's raining, here's me. I'm getting rained on. But we could both easily fit under... Stupid analogy, maybe, but we could both easily fit under with some other friends under the green tree, which is high volatility. Which means as the market moves, there's more time to take an entry, and there's more profit to be made. You don't have to get your entries as correct. You can come in anywhere and make a lot more profit, and you can exit earlier and still make profit. Now with the brown tree, you've gotta really nail it in the right place. And imagine this was one move, you'd have to get in here, and then you'd have to get out here to make the smallest amount of profit. So it's high risk for low reward, which is not a good trading theory.

08:28 Christopher Angus: And this is exactly the brown tree. It's, you've gotta nail that baby on the nose because if you screw up, you're basically underwater straight away and there's no recovery. And again, I hope that makes a bit more sense. That's a low-volatility environment which we seem to be in, which we'll be in this week. High volatility, when you have tremendous moves... I'm just gonna put this on a little bit longer. It's not been great the last couple of weeks, but here's a high... That's a three-point move, nearly, so, we could've... Today, we had a total range and one possible move of 0.4 on that... This example here that I showed you, that was basically within one day. I kinda ran over two days, but just for this example, there's a three-point move.

09:44 Christopher Angus: So you can see the difference in volatility at the moment is enormous, and the risk of getting stuck underwater is high. So, in a way, it takes a lot of discipline not to feel pressured and say, "I'm gonna do something because I feel like I need to do something, 'cause we haven't had a really good week." But I'd rather do nothing than have to report that we're stuck underwater in some horrendous trade over the weekend, 'cause it's gonna be stressful, and it opens on Sunday, I'm not gonna have a good weekend. I actually have some kind of coldly-flu thing coming on, so I'm not feeling too good anyway, so I'm pleased. But what I'm trying to say is... I'm not trying to toot my own horn, but I did the right thing today in not doing anything. Because there was one move, and it was such a small move that I could've made almost no money but could've been stuck much more easily than I could've made money.

10:46 Christopher Angus: So, as you can see, this is the longer-term thing from beginning of March 'til today, and the moves have been much more dramatic. It's just these last few couple of days... Well, this week, because it's been a downhill train and as you know, we can't sell volatility here because we're heading to the bottom. And there's basically... We could've grabbed a point, yeah, but the risk, again, risk-to-reward ratio is... It's pretty close to the bottom so there's not a lot of downside to capture, but there's a ton of upside to capture. If I roll this back a little longer, 28 days, there's volatility of 29. So, as you can appreciate, there's 15, 16 points on the upside, but like one on the downside. So that's why we can only buy when it gets down to these levels, and when it's there, I'm waiting for about a bottom, basically. Like I said, I trade reactively, not proactively. I don't know the future. My crystal ball's fucked. It's never worked. And I think anyone who tries to think that they have a crystal ball that is efficient and works properly, we usually end up losing money.

12:18 S1: So I can only trade reactively, so I wait for an event to happen. Unfortunately, the S&P's stuck in a five-point range, it's just unbelievable to have a tight range like that all day. Some of the spikes of two minutes might have been a little higher, but fundamentally, it would've spiked up. That's just market manipulation at a micro-level market microstructure. So there's nothing to do. It does become infuriating and creates sort of unreasonable doubt, and it is unreasonable because I know over time, this will come right. I was hoping the end of the week was gonna turn. You said a couple more days, I think that's Monday. And you seem to have a better hand on the markets than I do, to be honest, so, I'm just trying to run this out.

13:21 Christopher Angus: I don't know what I've done to my thing now. Okay. So as you can see, volatility does come back. It's just a matter of time. And... I'm gonna just put this into a more reasonable timeframe. It's pretty cool when it's at the bottom, because you can grab full points over and over and over, and literally it does become a bit of a printing press, as I've said a number of times. We're yet to see the printing press. At the moment, the fucking machine is on some kind of go slow, but it'll speed up, I promise. Like here, you can see, there are times when it is quiet, but it always comes back. And I could run this back years, and it's been the same. So, this is back to '91, 1991, when I was 11 years old. You can see, there are down times, of course, but it always comes back. The spike here is the great recession of 2008, 2009, when the VIX went to 80. Now this has smoothed out a lot of... This has smoothed out all the intra-day stuff and all the daily stuff so that this probably went a little higher last year, 24th of August, Black Monday, which was actually the day that my girlfriend left me, so I'll never fucking forget that day, when the S&P lost like 200 points in one day and the VIX also went to like 60 or 80.

15:08 S1: Now if you've loaded up, and you're short, that could really fucking damage your account; it really could. That's why, when you're on the short side, you have to run a hedge, so it catches you by a point, you run it up to 60, you start taking the leg, you start lifting the legs, and it starts to come down, and then you've had a really good day. And if it goes to 65 or goes to 63, you put the... You put what the hedge will be on anyway, because it goes on automatically, but it'll pick up the hedge. And yes, you do slide backwards a little, but it doesn't stay here. So the day that the VIX rockets up here, even if we're in a hedge, we'll be opening bottles of champagne, because it'll be awesome. Anyway. I diverge.

15:58 Christopher Angus: So, things are cool. It could be cooler if we actually had a decent week, but I'm sorry, I just couldn't do anything. This week's been shitty. It's been on a... Like you can... And I'll change this here. It's been on a downward slide all dog goddamn week over there, and I just... Once it gets below this 20 point, 20 is like my cut-off, I don't sell anymore, because I wanna start buying it, and so now I'm waiting. And yes, it was a little better 'cause I could scalp like a quarter point and half point. Not even that much, but a couple of small trades like third of a point, third of a point kind of thing. Something like that, plus the rebate.

16:42 Christopher Angus: But today, there was fuck-all. There was nothing to have. But you can see, this is going back to 2010, 2010, just short of beginning of 2010. So, it won't be like this forever; things go up and down. It's just that we're in a down phase and it's loading up before it goes back up again, so there isn't anything to worry about and I'm gonna trade much more aggressively next week 'cause we're at a really good level. But I just... I have to be reactive and not proactive, and I have to see the market turning, because like I showed you the thing the other day, we're waiting for the fed. I was deliberately holding off until something happened. If I'd been in a trade, the VIX dropped a full point straight away, we would have been underwater, and we'd still be underwater if I had actually taken a trade. And that's experience talking. My experience, I know when it's good to go and when it's not good to go. And again, today, if I'd taken a trade, the probability that I'd have either maybe just scratched the trade, which would have been like barely okay, or we would have been stuck. There would've been over 50% probability.

18:00 Christopher Angus: And again, it comes down to experience. I have to be reactive, I have to see the market turn before I go. And it's the whole... I'm looking at not just volatility turning; I'm looking at what the S&P is doing, what the DOW is doing, what t-notes are doing. You can see in my screenshots the flight to quality. Sometimes I leave that watchlist up if don't close it. And I don't see anything. I see the markets locked up, and just this really backward and back and forth fighting all the time over like two points each way. Two points up, two points down, two points up, two points down. And it's not... If you are trying to trade the S&P as like a regular trader who, there was unlimited upside and basically unlimited downside, you would have been chopped to pieces. You would've just given away loss after loss after loss because you had got in a trade, seen it go up a point, said, "Okay, it's gonna break out now." It would have turned on you and then would have come down a point, gone down another point, then you would have scrapped... Taken off for one point loser and you would have been chopped up.

19:13 Christopher Angus: These very, very low-volatility environments are no good for anyone. The only thing I could probably do is I could take a straddle with some options, betting that the markets aren't gonna move. I don't know, fuck options. I like options, they do interest me, but they're so complicated, and that's not what I do. I only like them 'cause I'm interested in them. But we're... If you're in these low-volatility environments, you're selling premium, because you're betting that the markets are not gonna move, not buying, not buying puts and calls, you'll be selling them.

19:47 Christopher Angus: And that's how all the big-option guys make money, really, is they sell premium. And all the smart ones don't sell naked calls and naked puts because you make 15% a month until one month, you lose everything. So, I've heard many, many horrible stories like that. And options have always really scared me, because of it, so I've never... And they're not a big thing in the UK, anyway, to be honest. So I've never really got into them. And at times, I really wanted to, but I can't deviate from what I do; what I do really works. You can see this. Even in a shitty week we don't lose money. We still make money, we just make a little less. And I never wanna deviate. Even once I've made my 50 mil, and you've probably made 100 mil, I don't wanna ever go and start fooling around because I think it's this...

20:41 Christopher Angus: Once you start fooling around, you've lost your discipline and that's that, and then you're basically just gambling. And it's just, even if you feel like you have a strategy, it's not the disciplined, well-honed, bona fide, well-optimized strategy. It's just like fucking screwing around and... I don't know, it's just it's always seemed kind of like really sloppy to me.

21:04 Christopher Angus: So, that's today. When I don't make money, I make videos to explain. So if you see a video, you know it's not been great. But like I said, just hang in there. And I'm sorry that as you've started sending some big money, things have like ground to a fucking halt. It's not good. You're gonna wait at least a couple of weeks before you send any more money. I'm not in any rush, especially not at the moment; everything is quiet anyway. So, we'll make money every week. We will. Even if there's... We have another week, like next week, you know, maybe we'll make 2%, 3%, hopefully. It's not the end of the world; it could be better. I like to do the 1% a day that's like my goal. Of course, February, was fucking wild, so, we had a really good February. Unfortunately, I wasn't with the big money.

22:00 Christopher Angus: Anyway, I don't wanna make excuses, it is what it is, I can't do anything. But thanks for your patience, thanks for the trust in me, thanks for everything. Thanks for remaining happy and calm. I need it, especially at times like this, 'cause I don't wanna feel pressure to perform because there's nothing I can do and then I don't wanna start doing crazy things 'cause I think I need to like put some trades on. Because I just... I won't do it, but I don't wanna ever feel the pressure that I have to anyway. Anyway, bit of a monologue, thanks again, and I'll catch you over the weekend or Monday at the latest. Bye for now.