The 1% rule can be tweaked to suit each trader’s account size and market. Set a percentage you feel comfortable risking, and then calculate your position size for each trade according to the entry price and stop loss.
Following the 1% rule means you can withstand a long string of losses. Assuming you have larger winning trades than losers, you’ll find your capital doesn’t drop very quickly but can rise rather quickly. Before risking any money—even 1%—practice your strategy in a demo account and work to make consistent profits before investing your actual capital.