i found that i was almost as emotional with paper trading as i was with live money! this helped identify some problems. perhaps the best course is - trade live, get burned, switch to paper, sort it out, go back to live. every time you lose a certain sum you predetermine because of your emotions, go back to paper until you sort yourself out. then go back live. another thing - it is highly preferable that trading is not the central thing in your life, and that your future doesn't depend on your trading success. under these ideal conditions, you'll be much less emotional. whether you can create such an environment for yourself or not.. that's another story.