New here, quick question on position sizing for smaller accounts
Hey everyone, just joined. Been dabbling for about a year now, mostly paper trading but recently moved to a small live account. I'm trying to get my head around proper position sizing, especially with how it changes based on risk per trade. My issue is, on some pairs, if I stick to, say, 1% risk per trade and a tighter stop, the lot size becomes almost comically small, like 0.01 or even less. Is it common practice for traders with smaller accounts to sometimes stretch that risk percentage a bit, maybe to 1.5-2%, just to get a more 'meaningful' lot size, or is it always better to stick strictly to the 1% rule regardless of how tiny the actual position becomes?