I think there are virtual stock markets that you can partake in to see how good you are (although this likely requires investing time which won't directly get paid back if you do well at it.) I wonder if people who do especially well in them can use virtual stock market success as a stepping stone to managing other peoples' money (and getting a cut).
> It's well agreed upon that paper trading is nothing like trading with money on the line. It's ALL about psychology.
It's also pretty well agreed on (mainly from scientific studies into the actual results of investors) that this is not only bullcrap, but believing it's true was a major contributing factor in the enormous economic disaster we're all still living through right now. I'd like to say how galling it is to see someone hasn't learnt the basic hubris-based lesson we paid so much for -- except that I really can't express that in words adequately.
>It's also pretty well agreed on (mainly from scientific studies into the actual results of investors) that this is not only bullcrap
Are you sure you actually understand what nicholas actually argued? All nicholas (as well as me) wrote is that your decision making changes completely when you have something on the line. And of course it would! So what are you talking about?
When I say money on the line, it really means your own money on the line. The disaster you refer to is when people trade other people's money for a share of profits but no liability.
