On a $5,000 account with a $75 daily drawdown limit, your room for error is exactly 1.5%. This requires a completely different approach to position sizing than a standard 100k prop account.
The Gold Standard of Risk
If you are trading XAUUSD (Gold), a 0.10 lot position moves $10 for every $1 move in price. This means a 7.5 point move against you hits your daily limit. Given Gold's average daily range, 7.5 points is nothing. You cannot trade 0.10 lots safely on this account.
Recommended Max Lot Sizes
| Instrument | Max Lot Size | Stop Distance ($75) |
|---|---|---|
| EURUSD | 0.15 - 0.20 | ~40 Pips |
| XAUUSD | 0.02 - 0.04 | ~20 Points |
| NAS100 | 0.10 (Micro) | ~75 Points |
Remember: These are maximums. To be safe, you should cut these in half. Trading 0.01 lots on Gold might feel slow, but it's the only way to ensure a single spike doesn't end your week.
For trading rules and limits — always refer to the official rules page, not blog content, as rules may be updated: