Quote from Pholeuon: If I am paper trading I am extremely succeful That is the drum beat of many new traders. It has no more value than "I breathe, therefore I am" in real trading it is not so That is the reality of most new traders. It is not just fear causing this...
I would also add that they do not know how to manage money and risk. I have been giving a (though hypothetical) winning example to anyone new to trading I have known, and all of them failed it, because they do not realize the impact of money management.