Is it the volume of your capital that determines whether you're going to be in a long term trade or can any amount available encourage both short term and long-term trade. In most cases I observe that my capital go down quick probably because of inexperienced approach but I doubt because what I think that's makes most people succeed in trading is the high volume of start up capital and managing tools applicable to improve trading experience. But what's your take if one must sustain long term trading or investment?
I think that to become a successful trader, you need a solid trading strategy. There are many different strategies available, but the only way to find out which one works for you is to test it. That's why every trading journey should begin with testing.
When I tested trading strategies, I never used large amounts of money. I spent no more than $100 on testing. If a strategy proved to be profitable and consistent, only then would I consider increasing my trading capital to an amount that I was comfortable with.
I believe the right trading capital is different for everyone and should depend on your personal financial situation. Everyone has different financial resources. In my opinion, the amount of money you allocate to trading should not exceed 5% of your total capital, because trading is still a high-risk activity.