I would only do midterm to longterm investments with that money. I think a good way is to look for a good project with a good an active team behind it which still seems to be undervalued.
Most people loose money trading short term that's a fact.
You have to start with something. Maybe for the advanced it's a low sum but I think that for starters it is enough. Do not invest too much because it is easy to lose everything. Risk is high.