Not enough money for trading? That's no reason

А. Elder "How to Play and Win on the Stock Exchange":

"Many losers think they would have succeeded if they had more money. All losers have been thrown out of the game by a series of failures or by a single but extremely destructive trade. Often, after the amateur has closed out all positions that are currently unprofitable, the market reverses and moves in the direction he or she had hoped. The loser is ready to beat himself or his broker up: "If he had held on for another week, he could have made a small fortune!"

Losers take a change in market directions as a validation of their methods. They earn, borrow or save enough money to reopen a modest account. History repeats itself: the loser is swept away, then the market moves in another direction, "proving" that he was right, but too late, the account is empty again. At this moment, the fantasy is born: "If I had a bigger depositI would have held on a little longer and won.".

Some losers collect money from family and friends by showing them records. They seem to confirm that with more money, the loser would have gotten a big win. But if they get more money, they will also lose it, as if the market is laughing at them!

The loser suffers not from a lack of capital, but from an underdeveloped consciousness. He can destroy a large account almost as quickly as a small account. He overplays and his money management system is unsatisfactory. He takes too much risk with any account size. No matter how good his system is, a sequence of bad trades is sure to throw him out of the game.

Players often ask me, how much money you need to have to start the game? They want to be able to weather a downturn, a temporary drop in the value of their assets. They expect to lose a lot of money before they make anything! They resemble an engineer about to build a few bridges doomed to collapse and then erect a masterpiece. Can a surgeon expect to kill a few patients before he becomes an expert at removing an appendix?

The amateur equal does not assume that he will have losses, nor does he prepare for them. The conviction that he has insufficient funds is a ruse to overlook two unpleasant things: absence trading discipline and the lack of a realistic financial management plan.
One of the advantages of a large account is that the cost of equipment and services is less in comparison to your capital. Someone who manages a million dollar fund and spends $10000 on computers and seminars only has to earn 1 percent to make up for it. The same costs would be 50% for a player with a capital of 20000 dollars.