I still don't quite get your point of 1%. basically I think we are just talking about different animals.. you are more on portfolio balancing and I am just on pure directional speculative betting. it is quite different approach.
when you talk about churching volume and leverage, this one I agree. I remembered once I put a few thousand dollars with broker house and they gave me about $200K trading limit. I may just buy and sell every 30 seconds or one minute to complete one trade cycle so that they gave me back the limit and I could restart another fresh trade. I may trade more than 50 times that day until one side of the trade volume reach 8 figures. I guess brokerage firm was the happiest man. but for each trade, I have to make sure each trade must have a risk control of less than $500, because that is 1/10 of my deposit, which is already a lot for that kind of starting capital.
to end, I just want to talk one thing which may be different from your opinion, I think "money management" is the most important thing, if not everything, for trading.