Or you need to clean your gun.
When was the last time you had it completely disassembled for cleaning? Did you buy it new or used?
Is it always spraying droplets? (If so, Robert's guess is probably right, or you have a clogged passage). Is it an old-style or an LPHV gun? (If it's LPHV, I don't know much about it). Is it going "phut phut", sometimes spraying droplets and sometimes spraying a nice fine mist?
Most important -- what pressure are you running? I run 30-40 pounds to my touch-up gun, which is less than I wanted to but all that my half-broken-from-the-store Horror Fright "regulator" can manage.