Trading a small account is like flying an airplane at treetop level. You have no room to maneuver, no time to think. The slightest slip of attention, a piece of bad luck, a freaky branch sticking out into the air- you crash and burn. The higher you fly, the more time you have to find your way out of trouble. Flying at low altitude is tough enough for experts, but deadly for beginners. A trader needs to gain altitude, get more equity, and buy some space for maneuvers.
– Alexander Elder, Come Into My Trading Room
