Yes! Unless you are a genuinely good AND EXPERIENCED (i.e. you've played tens of thousands of hands) live poker player, there is no benefit in starting at a high level because you WILL lose.

Deposit another $150 and play $0.05/$0.10NL. Play tight, solid, "correct" poker and you will win. But you have to follow bankroll guidelines, at every level, or you will go bust. It's as simple as that, there are no loopholes or shortcuts I'm afraid.