Fraudster Christopher Angus claims he trades volatility while stealing investor funds

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Video Background

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 fourth video is 39:23 & was shared on April 19, 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.
http://www.seobook.com/stella-huh/criminal-case-docket-sheet%204-22-2026-(22-cr-00352).pdf

Video Highlights

• start: screenshot shows account balance of 1,105,907 GBP
• 1 minutes 15 seconds: uses his proprietary software rather than web interface
• 5 minutes 10 seconds: talks about not trading the near month expiring contract near date of contract roll
• 5 minutes 20 seconds: has had extensive training
• 5 minutes 40 seconds: decision tree on certainty with trades
• 7 minutes 30 seconds: talks about how volatile the oil market is and why it is not good to trade
• 18 minutes 15 seconds: mentions a bit on technical analysis
• 24 minutes 40 seconds: I don't really call trading trading because I am not really a trader. I am a risk manager. and that is it. trading is just risk management. so I put on a trade which I feel is an appropriate size. usually I start at 1% of the account.
• 26 minutes 10 seconds: studied 5 years knowing he wanted to be a professional trader and perhaps 10 overall. I probably have a brain of just like 1000 pages of knowledge. my communication skills are not that great so I do not really articulate what I know well.
• 27 minutes 20 seconds: mentions vix has fallen toward a bottom (if he lost the money early on in his trading history then why does this account still show the above mentioned balance?)
• 28 minutes 15 seconds: emphasizes he knows a lot about market microstructure, how the market plumbing works, how things move on a short term basis.
• 29 minutes 30 seconds: trading is 20% skill, 50% skill & 30% emotion. you need to have a lot of discipline.
• 30 minutes 10 seconds: "if you could rob a bank, you know, online, financial fraud, and you could get a million pounds and no one would find out, what would you do? would you steal it or not? and there is 0% chance of you getting caught. ... if they would say yes I would steal it then I say trading is not for them. ... if you are not honest with yourself and are not an honest person in general then you can't really trade. ... if you lie to yourself you don't have clarity in your trading and you don't have the discipline. ... if you don't have self honesty and have the ability to say I am going to cut a losing trade and take a loss you don't even have a chance." ... talks about how aspects of his life are a practice of his discipline.
• 32 minutes 30 seconds: talks about how people tell him he doesn't show any emotions and he says it is almost like he reprogrammed himself to not let his emotions rule him. he says you can't make emotional decisions and make good decisions in life & non-emotional decisions are much better in terms of making clear decisions with the best outcomes.
• 38 minutes 10 seconds: trades VIX "because somewhat of a riskless instrument if you know how to trade it"

a copy of this video is also available at
https://www.dropbox.com/s/2q0ir71a1ara4k8/video%203%202016%20apr%2019.flv?dl=0

Video Transcript

00:00 Christopher Angus: Okay. So I just want to do a quick video explaining a little bit more about how I work. I don't know, you seem interested, so I'm gonna give it a bash for three minutes. Firstly, I just wanna explain how much money I make, and how I kind of determine that. And it is a little bit varied. For example, if we look at the volatility index here, you can see that it's 15.53 to 15.63, so that's a 0.1 spread, very tight. And I base my profit upon each point. So, yesterday was a classic example, and a very clean example. It usually doesn't work out this way, but say I take 1% of the account, so that would be 11,000, and then I bet 11,000 per point on the volatility index. I don't usually use this side of things. I use my own software because I've gotta manage more than one account, and it just is a little confusing. So, you can see that if I... It's not exactly the right amount for this, but if I bet this here, and press buy, for example, it would be a big fucking mistake today because the VIX is gonna roll over, so I won't. Should I? Shouldn't I? No. Fuck off. [chuckle] God, I'm mad.

01:49 Christopher Angus: Anyway. So, if I... If I did that, and the VIX moved one point, I would make £11,000. I wonder if I can blow this up so you can see it a bit better. Yeah, that works. So, if I did this, and the VIX moved exactly like what happened yesterday, I didn't sell the April because it's rolling over. I actually sold the May VIX. I don't usually use things on this side and get that up in a second. But let me just get that up now. Sorry. I keep saying that I don't usually use things in this side, I mean, I keep it open. Not this one... The smaller one because I need to sometimes reference whether the trades are going through properly, but I try not to trade from this because it gets fucking messy. And it just is not my system. And you know I don't like change. So... I've got seven black shirts, I wear the same fucking thing every day. Every good woman that I've dated has said, "You need to expand your wardrobe." I've got a big wardrobe. It's just I've got seven of the same shirts, seven of the same trousers, seven of the same everything.

03:08 Christopher Angus: I really hate change. Anyway, this is a better example. This is the May VIX here. Can't really go back enough. I wonder if it's gonna crash my browser. Fucking IG. This is why I don't use this bullshit, in this side, 'cause it makes my browser stall. Anyway, so let me just get something in perspective here. Let's just say... Where were we yesterday? Here, sold it somewhere here. 17 point... Actually, it was 17.28. So, it may be somewhere like... Somewhere around here. I don't know. Somewhere around here. Sold it somewhere around here, 17.28, and then we bought it back at 16.18, which was somewhere there. So, basically, I sold it because I saw that the oil short squeeze coming. I knew the correlation between oil and the S&P was going to drag the market up, thus crushing volatility yet again. But it was just so fucking obvious, and it just fell off a fucking cliff face.

04:48 Christopher Angus: Things have been exceptionally quiet. It hasn't been helped by the fact that April... April's rolling over tomorrow, this is the last day of trading today, and it's just... I can't trade April because if I get stuck in a trade, it'll absorb that loss on the roll over. So that's also been somewhat of the issue. Anyway, I don't know what's gonna happen today. And this is the way I was trained, I wanted to mention this, I have had actually extensive, very intensive training at various points, because I wanted to just learn as much as I could. So there's only three answers when you're trading. Yes, no, and I don't know. And I use the, "I don't know" a lot because unless I'm fucking sure or I'm the opposite of fucking sure, those are like trading areas. The "I don't know", if you imagine the yes is 10% on the left and, as you move right, the "I don't know" is a 80%, and then the no is the other 10%. So you have like this... This three part like decision tree for me.

06:00 Christopher Angus: And when it's "I don't know", you can't trade, so that's why I end up sitting out for such a long period of time. Also, volatility's been so fucking low and moving just so grindy, in one direction, you need moves to be able to do stuff because if it's kinda doing this, you get trapped a lot and you end up scratching trades or, worst case, take one off for like a tenth of a tick loss, and it just like... This is the way you just... Death by a million cuts. This kind of... This kind of action here, where there isn't really a clear direction. And the direction really is determined by the S&P, of course. So this is an instrument that I end up watching an awful lot. So you can see the S&P is flying up today, but the VIX is not responding.

06:54 Christopher Angus: Now, as I said yesterday, on the mail, on the text, on the Skype thing, the S&P... Sorry, the VIX has been broken in terms of the correlation between the S&P somewhat, because there's a lot of people who are along with VIX and are absolutely being crushed because they're like long-term players, big hedge funds, institutions, that kind of stuff, and they're being absolutely smashed. So what you saw yesterday was a double-whammy, so the oil short's being crushed because the oil fell of 7%, everyone started selling oil. I thought, yeah, you fucking guys are gonna get smashed up because when there's a sharp move down, there's a sharp move up. And it was such a sharp move down, there was tremendous pressure going down, but then everyone, all the big players came in and they started buying oil, 7% off this guaranteed 2%, 3%, 4%. Actually, it made a full recovery, and then a little more, so it went down 7% and up 8%.

07:52 Christopher Angus: Think about how fucking insane that is, a 15% range in one day. It is fucking lunacy. Anyway, you wanna lose all your money, you go trade crude oil. That's the fastest way to go broke. Anyway, so I saw that happening, because the correlation's virtually one to one at the moment. And this does change, by the way, correlation between crude oil and the S&P does change, so you have to be very aware of the correlation, because once crude oil goes back to 50, 60, or even 45, and everyone eases off, the correlation might be like zero. And it's just like they start acting independently of each other, but I know when crude oil gets crushed, the correlation is like one to one. I know that because I used to trade futures a little, and I traded crude oil. So I'm pretty switched on when it comes to trading crude oil.

08:46 Christopher Angus: I made a little money, actually, but it's a really, really hard game. So that's how I saw what was happening yesterday. Now, I wanted to just go through some of the things I look at. Part of this is I'm not gonna be able to explain, not 'cause I don't want to, it's because I can't. There's so much stuff that I take in, like I've got Bloomberg going, I've got Twitter, I've got the Associated Press, so I'm very aware of what's going on in the world all the time because I think that gives me a little edge. I'm also looking at the Euro... It's the wrong one. Told you I don't use this fucking thing. Euro, USD... And then the Euro. Oh, sorry, the dollar basket. So dollar basket is obviously a basket of US dollars or the US dollar crosses, the FX crosses. So the dollar basket goes down, the Euro goes down... Let me get rid of this fucking thing, because it's gonna confuse us. So the dollar goes down... Oh, I just got out of the wrong fucking thing. Jesus Christ.

10:25 Christopher Angus: So the dollar gets weaker, which is... In this case, it is. You can see that the Euro's 0.1 up, but the dollar basket's down. This correlation is fairly weak. But I do... I guess if I wanna explain it properly, or at least in a way that you may have a chance of understanding, the dollar correlation is fairly weak. And so I have like a group of signals, maybe like 15, 20 signals in my... That come at me, and I put a weighting on each of those signals. This is just like fucking SEO, by the way.

11:01 Christopher Angus: So I put a weighting on each of the signals. Now the dollar... The dollar signals are weak to me. They're strong, but they're not the strongest, should I say. So, on a scale of one to 10, maybe they're like a six. The strongest signal's, obviously... The... What's happening on the VIX itself. Because you can't argue with what's actually going on. The second strongest signal's, obviously, the S&P. Because the way... I'm sure you know the way the VIX works, it's determined by how many put options are being bought. It's a lot more complicated than that, but, in the most succinct way, that's basically how the VIX is calculated.

11:51 Christopher Angus: So more fear, more put options being bought, the higher the VIX. So the reason it started getting crushed yesterday is because everyone was along the VIX, and then everyone started covering their positions, and basically started selling the VIX to cover, and it just started crushing it. So, you know, all that selling pressure hitting at the same time, just crushed the VIX and they made a disconnect between the two of them. So, you also saw me talk about flashy blue and red things. No, these are the flashy blue and red things. This is something [chuckle] I probably... I couldn't explain on Skype. But you can see how they're just ticking along, blue, red, blue, red. Once these start having some kind of consistency, and they start hitting, you'll see they go a little more solid blue, a little more solid red.

12:56 Christopher Angus: Okay. So, look, that's going red now, right? So, we'll see the S&P come off, and you can see it's just come on. I mean, it just changes, like, by a tick, and I can show you. Right... So, let me see if I can do a live demo here. This is really on a really micro basis, but I look at this to see where the starter moves are coming. So, there isn't a move coming now, but I may be able to show you how I'd look at this. So... Okay, so it's looking a little like there's a little bit of a pressure building. Now, the S&P is up, and I don't know what's gonna happen, but I expect a small pullback before the open, and then it'll probably reverse. But it looks like it's gonna come off a little bit here. And you can... Well, what I'm looking for are basically big splots of color. So it looks like it's gonna come off a few ticks, maybe a few points now. So we can watch this here. It's 6.75, alright. And I think we'll probably see half a point to a point come off, just by looking at the pressures building. You can see the reds that... Building.

14:25 Christopher Angus: So, again, this is one of my signals that I look at. See the reds just flash up. I mean, you've gotta be able to tell the difference of the intensity between the blues and the reds. It takes a lot of practice but, you know, that's kind of the way it works. That's, again, one of the signals, and that's something I use to get into positions and get out of positions. And this is why when you imagine staring at this for... For 10, 12 hours, that I start to get a headache, because you start... All I'm doing is staring at this, especially yesterday, when you're trying to take your profit, you know, I was fucking fried. I went to bed straightaway.

15:18 Christopher Angus: I think maybe I had something small to eat and I just went straight to bed. So, yeah, I was asleep by 10:00 PM. Let me check my Fitbit. I had the... Great sleep. I was fucking screwed though.

[pause]

15:54 Christopher Angus: So, yeah, 10:00 PM right through to like 7:00 AM, I was fucking screwed. Anyway... So, remember we started at 6.75. I'm going to stop looking at this, but at... I think that we're gonna come off about a half a point, maybe, to a point. So we wanna see 5.75, not really trying hard... Hang on. Excuse me, I just had to cough there. So I'll just move on, but, as you can see, the... I call them the flashy blue and red things, they are signals that I use to get in. Then I also look at... This is in hours. The MSCI are these indexes in the other world, so everything but the US, basically. And, wow, this thing's on a fucking tear. Jesus Christ. And then you can sometimes see, if you're looking at this, when it goes a half tick, so instead of going seven, it went 6.87, that's usually a little sign of weakness there.

17:13 Christopher Angus: So I'm still gonna stick to my side, you know. I wouldn't be surprised if we see eight because the trajectory is just up, but I just wanted to give you a little demo. I'm gonna stick to my side, saying, I think we're gonna come off. Oh, maybe we're not. Right. So, here we can see... Look at that, the VIX is still crashing. So the VIX is pointing down, that means the market's wanting to rally. So... Wow, look at that. Seven. Wow, I have to take on or I have to take my thing off. I'm a little bit cautious about this area here, because... Not... Not for this video. I'm just telling you, as an example, because we're at 2100 now, the whole numbers, so that the 100s serve as a lot of resistance. I don't do a lot of technical analysis, but I'm aware of the levels. So 2100 is a very, very strong level which... But there's an extra spread on here as well. So the... The futures would be just a little bit lower. But once the futures... I wonder what the futures are at. Once the futures get to... So the futures are five points off. Once the futures get to 2100, they're probably gonna bounce off.

18:49 Christopher Angus: Jesus, look at that, fucking thing is ripping like a motherfucker. Wow. So this is a kind of a dangerous area to trade because if you sell the VIX, look, the VIX doesn't have that far to go. I mean, it's maybe got two points, yeah, we can make some money, but like just at this area here, it's... It's very, very dangerous because if this thing bounces, the VIX is gonna reverse straightaway. So, I'm very much in the area of... I'm very cautious today of what's gonna happen. If this gets above like 2105, and holds there, so like 2107, 2108 and holds, this, actually, it has some ability to stick, then we'll start shorting the VIX again. I think also what I wanted to say was like we've had a couple of... We haven't had like a very good run because volatility has been so low.

19:47 Christopher Angus: I mean, I'm a very cautious trader anyway, but what I wanted to do was, I'm gonna just try and step up the aggression maybe like 20%, especially at the moment, because it's fairly easy to trade, it's not like a lot of sideways action. So I'm probably gonna wait till closer to the open to see this, because right now, I'm not doing shit. So, moving on, some of the other signals I trade are... This is the 30 year, so that's called the ultra bond. Usually, on the futures, this is in fractions, but they have decimalized this for some reason, probably because English people don't understand fractions. So this would move in increments of 32, so fractions, one over 32. And they've just converted that. I don't look at the 10-year that much or the two-year that much because they don't move as much, they don't give me like a really strong correlated signal.

20:54 Christopher Angus: Of course, I also look at Brent Crude, as you saw yesterday. I look at what's going on on the Footsie, but the Footsie's comprised of a lot of mining constituents, so you see oil go nuts, you see the Footsie rise, but it does seem to do its own thing. That's why I got the basket of other... Of other stock exchanges here, sort of like the dollar basket, of course, this is somewhat off, it only works in hours. Gold is very poorly correlated. I mean, the correlation is actually zero, so it can be up, it can be down. But, at the moment, with the safe havens... So the safe havens are the dollar, the yen, and gold, and treasuries, of course. The correlation is usually quite good. However, as you can see today, the market's going up, and gold is going up, but, normally, on a day-to-day basis, they work somewhat in opposites. However, what never fails is the treasuries. Treasuries are down, markets are up. VIX is down, markets are up.

22:13 Christopher Angus: As I said, the dollar's a little more iffy, but you can see the dollar's down today, markets are up. I guess those are kind of the main things that are coming at me. Then depending on... This is nothing compared to in hours. When these things really start going, it becomes a lot more obvious as to what's happening, and you can start seeing the blue and the red flashes, and they start hitting. Once they start hitting consistently, you can sort of start to read what's going on. Of course, I showed you the other... My put-call ratio thing, although this is like about... What? How many hours before the open? Four and a half hours for the open, so nothing's really going on. And I guess, in a nutshell, that's kind of the main stuff I tend to look at. Of course, I'm looking at the news and Bloomberg and Twitter, not just Associated Press. I follow a bunch of professional traders as well. And so there's... I don't know. I probably explained seven or eight there, but there's probably a bunch of others that I'm not even thinking about at the moment, just small things that I'm listening to across the day. For example here, the Tech 100, that's the NASDAQ, and, usually, I have the Russell on here as well. So, usually, I put the Russell on as well. As I said, I don't use this account. This is a... I just have it open from time to time to make sure the trades are going through correctly. So that's one, two, three, four, five, six, seven, eight, nine, 10, 11.

24:03 Christopher Angus: Yeah. So, as I said, 15, 20 things that I look at, and that kind of comprises the information that I'm constantly absorbing at a very, very, very fast rate. In the back of my mind as well, I have the global events that are going on. I try not to think too much, too much in advance. Like, yes, we're all expecting a market crash and... But I know my crystal ball is fucked. I can't determine the future, I can only go on what I see. So that's the trick to trading. I mean, I don't really call what I do trading trading because I think I'm not really a trader, I'm a risk manager, and that's it. Trading is risk management. So I put on a trade which I feel is an appropriate size. Usually, I start around 1% of the account and then I move up from there, and sometimes I come in and out. So yesterday was a very nice example of how you make 1%. It was like 1.1%. Basically, the VIX moved one point, and that's the way I do it. It just is an easy way. Now, everyday is really not that clean because I may come in and out of a couple of little trades. If a trade is going against me two ticks but I can see the market's moving up, I may add a little more, but I kinda know, from a VIX perspective, how much I'm making. Usually, I have to wait till afterwards and just do the numbers and see how much I made then. But I hope that gives you a little more insight into how I work.

26:06 Christopher Angus: I think... I don't know, I guess I'll sum up by saying this: There's so much stuff coming at me, and I've studied this for so long, like four or five years very intensively, probably 10 in total, but five knowing that I wanted to be a professional money manager, trader, whatever you wanna call it. That I probably have a brain of a thousand pages of just knowledge. My communication skills are not good, so I don't really articulate what I know that well. And also, I don't wanna give the impression that I'm, I guess, interested in too many other things, because of course I am, but I'm very, very focused on what I do. I keep thinking to myself, I need to open up the strategies a little, but then, I think to myself, we could do some spreading like I showed you on the pictures and stuff. I know I can do that. I can trade that, but it just makes it a lot more variable, and... I don't know. This works, and it's just a quiet period. It'll get better because now we're doing the roll over and the volatility will pick up in the back month, and we'll have some space to play. Right now, we've got no space. And that's the thing.

27:21 Christopher Angus: The bottom of the VIX... The VIX is the lowest it's ever been. It's like 11 something, 12. So, you can see there's no downside left. And this is rolling over today, but here we've got a little more space to play. So, it'll pick up a little bit after tomorrow... Well, today, really... Especially once it rolls tomorrow. Fucking hell, this thing is gonna fucking tear. Jesus. This is interesting, actually. You can see... I don't know if you can see this, but the US 500, that's the S&P 500, is up 0.37. Wall Street's up 0.34. And the Tech 100, that's the NASDAQ Composite, is up 0.38. When you see... This is, again, one of the things that I know. I know a lot about a lot. But... I know a lot about a little, which is about trading and market micro structure, really, if I have to sum it up. That's really where I know a lot, is market micro structure. So, how the plumbing of the markets work. And how things move on a short-term basis. When it comes to the bigger picture, I know fucking nothing. But you can see here, like these are all very, very, very, very, very close together. Even then, the Russell's up 0.45. So, these are all within basically a 10th of a percent.

28:51 Christopher Angus: And when you see the market walking in lockstep like this, you know that this is professional money moving the market now. And this is a very strong move to the upside for the moment. This may change on the open, but, for the moment, the market is walking in lockstep, and so all the indexes are moving together. And that's just like... It's like double confirmation that the market is actually moving in a certain direction. So, as I said, sounds really wanky. But if I say, "This is the way I trade, and these are the things I look at," there's a lot that I can't really explain. It's just about... And I always say... So people say, "How do you do it?" I say, "Trading is like a lot about experience. It's like 20% skill, 50% experience, and 30% emotion."

29:50 Christopher Angus: And you have to have a lot of discipline to do what you do, and to do what you say you're gonna do." And usually when people say they wanna be a trader, well, I show them... What are... Normally, I ask them a question is if you... Fuck, this is a long one, I'm gonna need to cut this off. But if you... If we... If you could rob a bank online, financial fraud, and you could get a million pounds, and no one would find out, no one in the world, zero, okay, what would you do? Would you steal it or not? And there's zero chance of you getting caught. Now, I hate the banks as much as anyone. And then I ask them that question. And if they say yes, they would steal it, then I usually say trading is not for them, because if you're not honest with yourself and an honest person in general, then you can't really trade because you end... Dishonest people lie to themselves a lot, and if you're lying to yourself all the time, you don't have clarity in terms of trading and you don't have the discipline, like you say, "Okay, I'm in a losing position. I'm gonna get out." Or if you don't have a lot of self-honesty, if I put it that way.

31:11 Christopher Angus: 'Cause a lot of people are honest people, they're just not honest with themselves, but if you don't have self-honesty and the ability to say, "I'm gonna cut a losing trade and take a loss." Or, "I'm gonna get into position for this reason and that reason. It's not an emotional thing." And then you have a chance. But like my mate who just seems to keep... He's just like a money leak. He's just like a money murderer, basically. He's a smart guy, probably smarter than I am, but you have to have a certain mindset. And, again, this is something that I've learned over five years, and it's something that I practice every single day. If I wake up, I look at my phone and it's 7:24, I say, "Okay, I'm gonna lie in bed until 7:30." I get out of bed at 7:30. I don't go, "Okay, just another five minutes." I make sure whenever I make myself a promise, I keep that promise, because it's a practice of my discipline every single day. Everything I do is a practice of my discipline, because it's taken years to... And my ex-girlfriend said this to me. She said... Three people have said this to me since I broke up with my ex-girlfriend.

32:21 Christopher Angus: My ex-girlfriend, her parents, and someone else said this to me. They said... I think it was another girl, actually, said, "You don't show any emotion." And I think part of that is I've almost re-programmed myself to live... To not let my emotions rule me at all because I think you can't make emotional decisions in trading, especially, but in life, and make sure that they're good decisions. Non-emotional decisions are much better in terms of actually making clear decisions which has the best outcome. It makes life a little dull. And I think also part of who I am is I'm a Stradivarius, so like a musical instrument that plays very well when he's in tune, but he goes out of tune, he doesn't play very well, and he goes out of tune pretty easily. And that's why I don't like disruption in my life. I don't like noise. I don't like people coming to my house, I wear the same fucking shit every day. I get nervous and weirded out really fucking easy. Like go to the same shop, same hairdresser, same fucking everything. I don't like my friends coming here. I think that happened the other day, actually, like this guy, my friend, turned up. He didn't phone me before, and he just turned up while I was watching the market, and I had to say, "You can't come in." That kind of disrupts my kind of mental place for maybe 30 minutes, even just someone coming to the door.

33:55 Christopher Angus: So a part of this is my focus and my programming of myself to have this, because like this is something which I've said, we wanna do for a finite amount of time right. So we wanna maybe build this up say 50 million, 100 million, whatever it might be. My personal goal is to have 50 million, so I mean what does that leave you like a 100 million, something like that. So we get it to 150, and then I wanna stop because I think this... I'm here every single day and I do love it so it's not hard work but I wanna experience other things in life as well. I wanna have the freedoms. Not that I think that's gonna make me happy, like you said, but I wanna be... Have the ability not to ever think about money ever again. That's my goal, to never, ever, ever, ever to think about money. You have money in your bank. You never have to think about. You're gonna buy and never have to look in your bank. Of course, it's not all gonna be in my bank, it's gonna be in some kind of investment thing, but this is my life at the moment.

34:57 Christopher Angus: In the morning, I wake up... Jesus, this is going on. This is the last thing I'm gonna say. In the morning, I wake up, I check the markets, then I'll kind of watch the markets loosely up until like maybe 12:00. If there's something going on, I'll be straight at my computer from 8:00, and I'll sit here until 9, 10 o'clock, so that's 14 hours straight at the computer, and I do love it. Right. The market's coming off here. So here we go. Here's a VIX spike up, market's coming down, and what's the treasuries doing. Oh, here they are. I don't know. It's the treasuries, open the treasuries. Like I said, this isn't the side that I use. I use the other account, because that's kind of set up a lot more nicely, the little one, just for history. So here's the treasuries coming up. I'm just trying to get this set up nicely.

35:55 Christopher Angus: Right. So treasuries are spiking, VIX is spiking, market's coming off. So let's see. Now we see... We want to see some red splodgy things. Oh, fucking treasuries are coming off again, motherfucker. I'm gonna... We're still gonna stick to my side that I want to see a pullback. I reckon, before the open, we'll see a pullback probably to at least 2096. I'll watch that. I'll let you know once you've watched this video. Another little signal, before I forget, is I look at the highs and the lows. That's like really important as well.

36:40 Christopher Angus: So when things are very close to the high, like S&P here is at 2101.9. That's bullshit. Anyway, this is just because it's a synthetic market. Things don't move in fractions of a tick. A tick is 0.25, but you can see the high is 2103, and this is 2102, for all intents and purposes. This is very close to the highest, and when things are very close to high, they tend to keep magnetizing the high. And if something's pulled back, if things made a new high, pull back two points, usually want to buy it. In this case, I wouldn't be buying this with the VIX pointing up and treasuries pulling up like that. See that. But that... If you're a directional trader, I could probably... I can make money trading this, and this would be a position, not right now, but something where I'd be feeling like I've got the mindset, okay, we're two points off the high, let's pull back. It's grinding up.

37:41 Christopher Angus: This is a buying spot. This is a... This is like a micro buy, the dip. Again, market microstructure, but like not with treasuries facing up, and the VIX facing up, no fucking way, Jose. Anyway, so that's that. Hope that gives a little more insight. As I said, there's so much I can't articulate. There's so much about feel, about speed of the markets, about... It's too much. I can't really explain it. And that's also why I trade the VIX, because it's somewhat of a risk-less instrument if you know how to trade it. S&P, it's got so much upside, so much downside, you get it wrong, you can really fuck up. But, on the VIX, there's somewhat of a floor, and you can keep buying it, if needs be. And, again, that's... When it comes to daily profits, you may come in and out of several trades, wasn't as clean as yesterday's, one big trade, but, usually, you make more than one trade or re-buying, it gets less clear, but it gives a little bit of understanding. The VIX goes up from 16 to 17. If I get onto a trade at 16 and it goes to 17 and I don't come out, that's 1%. And that's the way I work it. Of course, as I said, it's not that clear because, often, I'll be in and out a couple of times if I... If I want to just grab a little profit, so on. But yesterday was one big trade. And I'm just gonna take a screenshot of this while I'm in here, so I can do the numbers. Okay, Mr A, I will catch you on Skype later. Bye.