THE AIM OF THIS THREAD IS TO HELP NEW TRADERS, GOING INTO REAL TRADING, DEVELOP THE RIGHT ATTITIDE TOWARDS PAPER TRADING. Has anyone experienced higher returns when fear wasn't present in their trading? What I find interesting is that quite a few people do better on a simulated account compared to a real money account. If a trader applies the same approach to real trading as to paper trading (assuming that paper trading system is based on realistic fills/etc), surely both should almost match each other in terms of returns generated. What are your thoughts on this issue? Fear and greed go together most of the time, let's just concentrate on absence of fear here. When you are a new trader testing your strategy on a simulated account, I think you tend to trade without fear of losing a big chunk of your capital by widening your stops, starting to average, allocating higher %age of your trading capital per trade after a losing streak, leaving an open position overnight hoping it will be OK, etc. That is fearless trading that does not work well in real life situations. When you start having this approach in real trading, your capital is at a huge risk. Please stop being naive, it does not have to be a casino, unless you want it to be one. I would go into a casino for fun, I take $1000 knowing that the odds are against me and that I will probably lose it on the night, but I will have fun while at it. In trading the aim is to make money, not lose it.