PickMyTrade Blog: TradingView Automation, Alerts & Broker Integrations

Prop Firm Challenges Failure Rate
Automated Trading, Prop Firms, Trading

Prop Firm Challenges Failure Rate: Why 94% of Traders Fail (And What Separates the 6% Who Succeed)

Prop firm challenges failure rate is one of the most discussed topics among retail traders today. Proprietary trading firms have grown rapidly in the past few years, offering retail traders access to large amounts of capital if they can pass strict evaluation challenges. On paper, this looks like the perfect opportunity: instead of risking personal […]

Closed Starbucks café with store closing signs and stock market chart overlay symbolizing market cycles.
Economy, Global Market, Stock Market, Trading

What Starbucks Closures Teach Us About Market Cycles

Even giants must adapt. Starbucks has recently announced sweeping closures, layoffs, and restructuring steps—moves that reflect deeper shifts in consumer demand and cost pressures. These changes are not just a corporate reset, but also a real-world metaphor for market cycles, retracements, and structural corrections. As traders, when a powerhouse like Starbucks cuts back, it’s a

Closed Iron Hill Brewery with stock market charts overlay representing market and trading risk
Stock Market, Trading

What Iron Hill Brewery Closure Teaches Us About Market Risk

Iron Hill Brewery Sudden Shutdown In a shocking turn, Iron Hill Brewery & Restaurant abruptly closed all its locations and filed for bankruptcy. The news sent ripples through local communities where Iron Hill once stood as a community hub. What went wrong? While many factors are at play—rising costs, changing consumer habits, overexpansion—the collapse offers

Drawdown Limits in Prop Trading: Risks and Risk Management Strategies
Prop Firms, Trading

Drawdown Limits in Prop Trading: Risks and Risk Management Strategies

Drawdown limits in prop trading are one of the most important rules every trader must understand. In the fast-paced world of proprietary trading, risk management is not optional—it’s essential. Prop firms enforce strict drawdown caps to protect their capital and ensure traders follow disciplined strategies. Knowing how these limits work, how they’re calculated, and what

Prop Firm Red Flags: 5 Warnings Traders Must Know
Prop Firms, Trading

Prop Firm Red Flags: 5 Warnings Traders Must Know

Choosing the right proprietary trading (prop) firm is one of the most critical decisions a trader can make. Your choice not only impacts potential profits but also affects your trading journey, access to capital, and overall growth as a professional trader. While skill, strategy, and discipline matter, partnering with the wrong firm can lead to

Resy and Amex Platinum benefits shown alongside automated trading with PickMyTrade for S&P 500 futures.
Trading

From Resy to Trading: How PickMyTrade Automates Your Edge

When people think of Resy, they picture exclusive restaurant reservations made easier by platforms like Amex Platinum benefits. With a few taps, cardholders unlock access to top-tier dining experiences that others often struggle to book. But here’s the interesting part: the same principle of exclusive access and automation applies in the world of trading. Just

Prop Firm Payouts 2025
Prop Firms, Trading

Prop Firm Payouts 2025

Understanding Profit Splits in Prop Trading In 2025, Prop Firm Payouts are more competitive than ever, with profit splits, scaling plans, and funded account options shaping traders’ earning potential. Understanding how payouts work is essential for choosing the right prop firm and maximizing your profits. Profit splits define how earnings are shared between a trader

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