Is there a way to have set where the end of the mouse cursor is?

Hi there everyone. I have a minor issue, so it is ok if it is something that cannot be changed. I am working on a tool that I can write on when teaching on a touch screen computer, and I changed the icon for the form into a larger pencil shaped icon. This custom one, is prob about 3 times as big as the default white arrow that Windows has. It loads up great, but when I am "drawing" on a picturebox on my form. (The pic box is called DrawPicture), the mouse cursor has the "ink" coming out of the very center of the cursor, and not the top left tip of the custom pencil cursor. I was wondering if there was a way to play with the position the mouse curor edge /point is? You know what I',m talking about? I guess it is sort of the contact point or something?

Can that be adjusted? Thanks!