Timothy Barton Partner Christopher Angus on Margin of Safety

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Video Background

Conman Christopher Angus is kicking off a confidence series, providing free video tutorials on how to defraud investors. This eleventh video is 6:50 & was shared on May 3, 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/18693916.conman-christopher-angus-pay-back-just-1-2m-scam/
UK's 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 15 seconds: states made 3 profitable trades day prior. and shows times of some of them.
• 4 minutes 30 seconds: does not go into trades trying to take only 1 tick. usually wants to try to get 2 or 3 to have a margin of safety.
• 5 minutes 5 seconds: discusses another fairly passive trading strategy which might be able to make about 0.4% per day & allow a solid daily compounding. keeps testing lots of different strategies.
• 6 minutes 30 seconds: might want to change his personal goal to keep going until he makes at least 100 million

A version of this video is available for download at
https://www.dropbox.com/s/ilbo1c7bivprriu/video%2010%202016%20may%203.flv?dl=0

Video Transcript

00:00 Christopher Angus: Good afternoon A. Just a very quick recording today because there seems to be a little bit more volatility. So I don't wanna waste too much time with my big monologue. So the plan for today is just really to tell you what happened yesterday, pretty straightforward, there's a lot more I could talk about, but no time.

00:22 Christopher Angus: So yesterday, in summary, three trades. I think I had called out early that I'm selling the VIX just as I was selling the first one and I'm just gonna talk you through each trade. If you look at your screen, the first one came in just before 12:30 and then I sold it just on the open; so that's one. I don't know if you can see on this video 'cause those will move with the cursor I think. Trade two came again very quickly afterwards, I think I called that one out to you as well on Skype, I'm not sure. And I held that for just under an hour. Again, I didn't nail quite the top and I didn't nail quite the bottom but you know that's kind of hard trade because I need to be somewhat sure of a direction. And trade three, I got kind of really excited and when I said, I think I remember typing, "Fuck me. I think there's another one here." I took that a little early actually and that one went against me by, I don't know, one or two ticks. And then I held that 'til 7:40 and I took that off way too early. As you can see, it really broke down. I was bitching about that on Skype as well, but roughly made 10 ticks yesterday so 1%. Again, I was selling it. So I do small ball it a bit. I cut just a little bit of the edges, which means that I don't use my full risk when I sell it because, if it does go against you badly, it's better to be a little smaller. And that was my day.

02:22 Christopher Angus: As for today, there seems to be, or there was some market weakness this morning, and you can see that reflected here. At eight o'clock, there was a spike up of nearly a full point on the VIX. I was a bit late getting that one actually, I sent you there. Just around eight o'clock, but by then I thought it was... I didn't know how much steam it had so I just sort of sat on my hands a little. So I missed that one, unfortunately. It seems to be coming off a little bit though, so things seem to be a little bit volatile again, not like February, when the market was moving up and down 100 points a day. But that was also exceptional times. I don't know if we'll see that again for a while, but this is perfect for us. It's not just the volatility. Before, I didn't make money for like nearly a whole week, one week, because I was being... I wanted to not scalp one and two ticks up because it isn't the most efficient way of trading. It's better if you can just get one big trade and that's how I was trading at the time.

03:37 Christopher Angus: But like poker, I guess, you have to adapt to your situation. So if you're playing a very tight player you can't, and you have a very tight knitty player, you can't be very loose. Or if you're playing a very loose player, you've got to tighten up a bit. And so, it was just, I think, a matter of over a couple of weeks just adjusting to the market conditions with the changing volatility. So from very, very high to dead, which was, I don't know if you remember, that was just insane. And now it's picking up a little and I feel very comfortable in this area when things are very, very quiet, it's very hard, as you know, to make anything. Some days it just doesn't move at all and I don't scalp one tick. I don't go into trades intentionally thinking I'm gonna scalp one tick because that is... It's so marginal. If it goes wrong, you're probably gonna be losing one tick. So, I go into trades thinking I might make two or three ticks at the least. Sometimes I make one, sometimes I scratch and I just get the rebate, so basically get zero, but I collect the rebate.

04:53 Christopher Angus: And then finally, I'm still working on my new VIX arbitrage thing. That's going very, very well, still. Tests are running very smoothly. Each time we trade we're gonna collect a few thousand in rebate, depending on how big we go, two or three thousand at least. So that's gonna be like 0.3 plus, plus profit of maybe half of one tick; so 1/20 of a point which will be about 5000. So I reckon each trade will be worth about 8,000 and probably take two days for those to work. So we're gonna be averaging 0.4 per day. I'm so looking forward to this. We're gonna be starting very, very soon, in a number of weeks, maybe a month at most. I just, obviously I'm not rushing into anything because we need to make sure that actually I know where the kinda dangers lie; and I do.

05:47 Christopher Angus: But I just keep testing and running through everything and practicing. So that's gonna be a big win for us. It's gonna create a very, very good, solid foundation, 'cause right now it's like, make money some days, don't make money some days. At the moment the volatility suits us. We're making money every day and I've become quite aggressive with my scalping, but still I miss some days. Last week I only traded three days. I sat here for five, or 4 1/2, but we only made money for three. This is gonna change the averages. It's gonna make a solid 0.3 baseline every day, and then we'll be running this on the side. So I think the... It's gonna creep up nicely. I think finally, I'll just change... I think I might change my personal goal. I think I'll stop when I get to a 100 mil now, not 50, but we'll see. And that's it. I'm gonna run. I gotta do the sheet now, and then, I gotta try and do some trading, amongst other things. So thanks for everything, take care and catch you later.