No. This amount would limit you to only a few companies with liquid options, and even then, one trade and you will lose all your trading capital. 500 would at least give you a small bit of freedom, 1000 more so, but 5000 is much better. Here are some concerns:
1. With the absolute dedication necessary to learn to trade a successful system, the mental hurdles (these are 99% of trading) will be too much to handle if you are having to worry that every single trade will leave your account empty. This will make you trade scared, and you will lose money faster. Basically forcing you to practice bad habits and doom your experience from the beginning.
2. To truly win at trading and make a living out of it, you HAVE to be a consummate student. There is no quick way to get rich, it is hard hard HARD work...and if you have to worry that each and every trade will wipe you out, you WILL NEVER trade effectively.
3. Being that the number 1 rule in trading is patience, I would make this your first exercise in it....take time to add money to this account, and in that time develop a watchlist (smaller the better) and learn to chart these names on your list. While charting, note daily setups that you believe would trigger a trade, paper trade those, and see if you would have made a profit. If yes, why? If no, why? This would at least give you time to build an account you can trade and later be at least a little more equipped to handle what will ultimately teach you a whole new level of humility.
Good luck
