Hey guys. I need some clarification regarding position sizing for risk management.
I have a $10,000 demo account and risk 1% per trade. I use a position size calculator to determine a lot size of 0.012, for example. At this lot size I will lose 1%, or $100, of my account if I get stopped out.
Why then do I only lose $10 when stopped out? This has been happening to me for every trade. Is the position size calculator wrong, or am i missing something?
My guess is that you’ve confused “pips” and “pipettes” in doing the inputs into the position-sizing calculator you’re using, and that’s why your result is out by a factor of 10, each time.
That kind of software requires its user to know what a “pip” is.
If you give a specific example, with numbers and full details of your inputs, we’ll know what you’re talking about and whether I’ve guessed right or wrong. 
What pair are you trading?
You guessed right - I definitely confused pips with pipettes. Thank you!