2. For emotions, if you are good with paper trade then you must have good charting analysis, if you are confident then enter trade know your target and stoploss. Wait till it hit stoploss or target. You may trail stoploss.
If you are new do not go for options trading and first learn, apply your learnings into equity swing trades with less capital. When you are aware of trading strategies then you should understand money management. See any amount could be your capital but you have to diversify it i...