While we always aim to stay small with our position sizing, what is actually “small” is always a relative term in relation to account size. Generally speaking, we like to keep defined-risk strategies to 1-5% of our accounts, and undefined-risk strategies to 3-10% of our accounts. However, it’s worth nothing that smaller accounts ($20k or less) have to accept larger position sizes, while larger accounts ($100k or more) can more easily shrink all position sizes.