Sizing defaults could do more harm than the rest of the app combined
Every other default is recoverable. A bad sizing default isn't, it's the one that decides how big your mistakes are, and a new user is least equipped to evaluate it exactly when they're setting it.
I'm not proposing a specific number, because the right number depends on the person. What I'd suggest is that the setup asks rather than assumes, and states plainly what the choice means in terms of a full stop-out.
"This size means a losing trade costs about X" is one sentence and it's the most useful sentence a new user could read.