How often
One percent per trade means nothing without a limit on trades, so the cap is set for the whole day, and a day with no setup is a correct day.
The one percent rule has a hole in it, and the hole is the second number.
The loophole
One percent a trade sounds safe. Take twenty trades in a day and you have risked twenty percent of the account.
The rule did not fail. It was never a rule about the day, only about a single trade.
A per trade limit with no limit on trades is not a limit.
Cap the day
The fix is to set the ceiling for the day, then fit the trades inside it.
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