Thanks for the reminder...that was a briliant short term play when he loaned Goldman Sachs a billion dollars to stay afloat in return for a high interest rate with warrants. Sometimes trading doesn't need to be traditional means. wrbtrader
If he's got money left, why would he be depressed? Probably you still would, majority of us wouldn't. LOL Shorted TWO times and got lucky and you count them as a good trader? Shows how you trade. LOL And according to your criteria, I would be a way better trader than him. I have shorted LOT more times than him and have profited. LOL
https://www.mayoclinic.org/diseases...pert-answers/clinical-depression/faq-20057770 But let's just say this: How many traders do you know whom the President of the USA asks politely to ease up on a cornered market because it is in the nation's best interest not to have sky high cotton prices? How many traders were asked by JP Morgan (or anybody in his standing) to please not to short the market more because we would like to open tomorrow too? Those things only happen to the GREATEST traders. If you can't recognize that, well as I said, idiot...
Going back to the OP's question we probably should distinguish between trading OPM and own funds. It is easier to take risks when it is not your own little capital. Also comparing Bernard Baruch with someone trading 100 years later using charts and computers is pretty silly.