New here, question on position sizing for smaller accounts
Hey everyone, just joined. Been dabbling for a bit, mostly with forex ($EURUSD, $GBPUSD) and some micro futures. I'm finding my biggest challenge isn't necessarily identifying good setups, but really nailing down position sizing when my account is still relatively small. I try to stick to the 1-2% rule, but sometimes that translates to such tiny positions it feels like I'm barely moving the needle, even on winning trades. This then tempts me to size up, which usually ends badly. How do more experienced traders here balance growth with strict risk management when they're not working with a huge capital base yet?
Welcome! That's a classic conundrum. It's like being told to run a marathon but only being allowed to take baby steps. You're following the rules, but the immediate gratification isn't exactly sky-high.