If you get stopped out while risking 1% of your portfolio value, you should reduce your position size to allow a wider range with the same risk. There are several good discussions of this around, but here are the basics.
Say you have an account of $1,000.
1% of your account is $10, so that's your maximum per trade risk
If you select an equity trading at $10.00 and purchase 100 shares, your stop needs to be at 10 cents. ( $0.10 loss * 100 shares = $10 loss)
If your selected asset has a trading range of say, $0.20 per day, you will probably be stopped out. Maybe not, maybe so.
If you take a trade for 50 shares, you can increase your stop loss to $0.20 and be risking the same amount per trade ($0.20 loss * 50 shares = $10 loss).
You can check out the ATR indicator to get a sense of the ATR indicator (more info here:
https://www.investopedia.com/terms/a/atr.asp)
good luck and welcome to the nutty world of trading.
Beyond these things, the key -- and this is really serious -- to being a good trader is to have a plan and stick to it. More people fudge their plans and go broke than you can count. Good you're using stops and thinking about longer term strategy than a single trade.
-mashume
