Putting (Pretend) Money Where My Mouth Is
As of today's market closing, I am ranked 60th out of 333,300 participants on the FSX Fantasy Stock Exchange by making a return of 15% over a 3 month period, whilst the S&P 500 fell 10%. FSX is an application on Facebook that allows people to trade pretend money. I highly encourage investors to test their investment styles in this sort of simulated environment.
It does not cost anything to lose monopoly money, but making pretend money does has limited boasting rights.