Is Paper Trading a Waste of Time?

Tom, do you think paper trading is entirely a waste of time or do you think there's some benefits to it? Tom: I learned a ton from the on demand section of thinkers, thinkorswim. And that was when I started to develop my lines and seeing the reactions off a different moving averages. But I also had the ability, well, maybe I don't know if this is an ability or not, but um, I was able to replicate the kind of the emotional environment of real trading.