I had the biggest swing trade of the Year totaling over $110,000 on Nvidia I also day traded Nvidia several times earlier this year however here's the comparison between my swing trade and day trading total profits I made over 100 Grand in swing trades but only about five figures in day trades at this points you might be wondering why do you even bother with day trading then why don't you just save all that time and effort and focus on swing trading yes in this video I want to reveal my secret in staying profitable overall in trading this year which lies in swing trading if you have watched my previous videos you know that I've been a day trader for almost 10 years that means the duration of all my trades have been shorter than one day most of the time I enter and exit my trades during the morning hours sometimes they're done within 30 minutes or less however I improved a new pre-market trade planning routine since the beginning of this year my old pre-market planning routine wasn't the most efficient in my opinion it worked for me for many years but I could have reduced so much stress cost and time spent if I had a way to streamline my entire trade planning process without jumping through all the various trading tools or platforms online with this new and improved pre pre-market trade planning process I'm sharing with you today I intentionally look for more swing trading opportunities during pre-market and the morning sessions this way I could capture bigger moves in the market make more profits in the long run with less trades and reduce the cost of two to three softwares down to just one in this video I'll walk you through my new pre-market trade planning routine that you can copy exactly or just take BS and Pieces away to your current process especially if swing trading is a better option for you if that sounds good to you please remember to drop a like down below and remember to ring that notification Bell so you know the next time I drop another educational video like this now without further Ado let's begin with the most crucial part of trading that every Trader should develop the morning pre-market trading routine this is a process that broken down into for steps and I'll go through one by one with you whether you trade large caps small caps options or even Futures you should always have a pre-market trade planning process this is a time for a Trader to analyze the overnight market conditions what happened in the morning and in news and develop an action plan for the trading day so that start with step number one of my pre-market trade planning process scanning for gappers with built-in scans I always start start my morning with stock styo this is the essential tool for me for steps one to three I've saved so much of my time and made my scanning process and stock selection even more efficient with a built-in strategy scanners I customize them to fit the way I trade for both day trading and swing trading so you can see the six built-in strategy scans over here that's built in into stocks iio and during the pre-market sessions in the morning I use these three over here let's start with the first one so this one over here you see premarket large cap gappers this is for my large cap day trading strategies as well as swing trading mostly on the long side this built-in scan essentially scans for the biggest gappers on the day often they are also the ones with the most amount of volume or relative volume with this scanner over here you can see that I'm scanning for stocks above a billion market cap so definitely the large cap and the mega caps um gapping up over 3% on the day and with at least over a million dollar volume and you can scroll down and see all the results here and then you can see I I'm sorting everything by Gap percentage so I'll usually use a top five results on the list for my Gap up reversal long strategy as well as the trend joint long strategy and some of these stock candidates on the gapper list that you see over here after step number two they might also be fitting for my swing trading strategies so let's take a look at the top Gainer on the day which is nio Neo this is one of the Chinese EV stocks that's been gapping up a lot you can see the Gap percentage on the day is 18% um also relative volume is 2.68 that means it's being trading very very high volume 2.68 more than average in the last two weeks so this is a stock I was watching for day trading on the day as well as I'm currently swing trading so if you take a look at my this is my real brokerage account I'm currently long Neo this is a swing trade candidate and no we did not pick it up today we picked it up on the first day of the Gap up all the way over here you can see that's my average 5.73 and we've been writing this along for a swing trade for the last two three days or so um so today we saw a very very nice Gap up and this is the exact process I do take for myself for swing trading you can see this is exactly how I discovered um other swing ideas I I'm currently in besides Neo I also have paler got in on the first or second day of the Gap up over here and also Google that we also took a couple of days ago with the Gap ups but remember just going through step number one of this premarket trade planning routine is not enough for day trading or swing trading we need to make sure we move on to step number two too in just a little bit over here but for now let me go through the rest of the built-in scans over here and I'll explain how I use them personally so the next pre-market scan I use is a premarket smoke cap gappers over here um just as the name suggest that instead of the large cap place this scanner is the one I use for trading small cap stocks so you can see on the criteria over here I'm scanning for stocks below 1 billion market cap um so you get a lot of small caps and micro caps uh volume I want to see at least 100K and I want to see at least 15% overnight Gap so the results over here once you scroll down here and you know once again I'm sorting them by Gap percentage um this is where in this result you'll see a lot of these like small cap um lower floats here you can see you know only 1.7 no 4.6 million shares float um you'll see the pricing a lot lower usually below $10 or less um but that's where you see the most amount of explosive volume right earlier when we were looking at large cap stocks you're looking at stocks with 1.5 to three relative volume here because of the nature of these small caps that they have a lot of momentum when you have low float and high volume that's when you get a lot of churn in terms of the volume you'll see something like hundreds of relative volume that's how explosive these stocks could could be so just make sure when you're scanning for these kind of small cap stocks to trade whether you're on the long side or the short side make sure you're narrowing down the results that have over at least two relative volume I use this scanner in particular for two kinds of small caps trading strategies the bag holder daily short setup in which I am shorting stocks that gapping up to recent daily resistance or the short trap consolidation long setup in which which I'm long and more bullish on these low float stocks with a catalyst on the first day or even second day of the Gap up or breakout but unlike the first strategy scan that we talked about earlier I do not use this particular builing scan the pre-market small cap Gap scan for swing trading because one of the rules I've developed for myself near the end of last year is no swing trading for small cap stocks just absolutely not I usually don't even consider it the overnight risk on these small cap stocks is sometimes greater than the large caps you can either wake up rich or you wake up broke and I don't know if it's just me but you let me know whenever I swing trade these kind of small cap stocks I wake up broke so moving along now to the buil-in scan number three over here the gap down scans for all the market cap stocks this is a very interesting scan not one that I use every single day because it doesn't always give me the results I'm looking for but it's very useful when the time comes I love to use this scanner in particular here you know in which I'll sorted by uh the largest gap down percentage here you can see all the losers on the day I'll use the scanner for my daily support didp by strategy for large cap stocks especially when the entire Market is gapping down drastically obviously because of that I don't get to use this particular setup or the scanner every single day but I probably use it maybe once a month or so um but the when the strategy works it works very well but the scanner is also very useful for the B holder short setups and the extension daily short on the small cap stocks so after I use these three builing scans to scan for potential strategy And Trades the next step is Step number two news analysis now with this step I used to have to switch back and forth between two or sometimes even three other trading softwares and all the subscriptions they the cost just added up over time but now I can scan for news along with scanning for gappers in Step number one with these scans all on stocks IO and it's extremely easy to read the news so for example back to the premarket large cap gapper scan here after I have the results sorting by Gap percentage I'll scroll down and simply click the ticker so you can see let me enlarge here once you click the ticker you have a very nice summary of all the different news headlines for the particular stocks with all the sources and the first line of the summary over here on stocks. I so you can see over here n IO the stock we were looking at earlier today I can tell very easily that it's gapping up after securing a huge 470 million cash injection so that's huge for a company for Neil and if I want to I can click this news headline over here that'll take me to the external article in the link if you want to read on further and just like earlier step all the market data on the news is live the fact that I can do steps one two and three which will talk about in a little bit of my trade planning process in the morning all on the exact same platform it has been a GameChanger there's an affordable monthly subscription as well as an annual plan that saves you even more money so if you're a serious Trader whether it's day trading or swing trading I definitely recommend stocks. iio it'll improve your stock selection make the process more efficient help you find the best opportunities for your Edge and save you tons of time and money and remember these software costs are writeoffs for your trading business so let's go back to news analysis really quick here for step number two how I analyze news for small cap stocks and large caps is very very different and you must understand the nuances for small cap stocks you have to understand that if you are trading those things the news are just kind of like a reference point only sometimes you'll see the stock rally up even with no news both of these scenarios are very possible for smoke cap stocks if number one the short interest is very high so if you look at some of the pre-market gappers over here on the small cap stocks you want to know about the short interest here anything above 25% or even 20% is considered high so if the short interest is very high or this very high volume for example if you see the stock trading hundreds or you know two digits of relative volume the news sometimes does not matter at all a very good example is a stock that was on the gapper list just a couple of days ago cap APR I remember this one because I remember seeing the news that you know there just wasn't anything that significant but the stock however rallied up for many days so you kind of take a look at the news here you can see sure major shareholder purchases $14 million worth of stock and you can see that for the first Catalyst on the stock is that you know they are rising in premarket and plans to file some sort of application for one of their drugs in order to get FDA approval now that doesn't mean one of the drug is approved at all it's just like they plan on filing application in my opinion that's not really significant news but you can see on the chart over here the stock absolutely rallied for the next you know 2 three days so regardless of how good the news is it doesn't really matter because you can see the relative volume on the stock is pretty high even today couple days later the short interest is very high at 25% now the one thing it doesn't have is a low float 25 million shares float is not extremely high but it's not a low float at all my point is just that for small cap stocks specifically if you're trading them never use news Catalyst as the determining factor for you to go long or short it should simply be a supplemental factor to everything we talked about float relative volume and short interest however for the large cap trading strategies and the large cap gappers whether it's day trading or swing trading especially I find the news Catalyst to be a lot more important and reliable so going back to some of my recent swings I have as examples over here in IO we know that um it's gapping up due to the Chinese stimulus package a couple days ago and today they have what what do we say $430 million of investment injection so that's very positive news the therefore that's a reason we see a lot more follow through on this large cap stock palente tier for example on the day of the Gap up sure we found it on a gap scanner but it's because the Catalyst that they were being included in the S&P 500 that's huge news for a stock like this and of course they were also involved with AI another AI play that we added on the swing trade is Google um a lot of uh you know artificial intelligence update and the chart in which that the part we're going to talk about in The Next Step the chart is prime for another breakout these are just some examples of the importance of doing research on news Catalyst on your day Trad and swing trades this is true especially for swing trading you got to make sure that your swing trading thesis like the ones I already taken all the positions you saw earlier they are not just supported by fundamental Catalyst but also technicals as well which brings us to step number three of my pre-market trade planning process planning out the technical key levels this is a very crucial part for both day trading and swing trading so make sure you follow along here I'm going to show you some demos on how I analyze the charts for most strategies I personally use if I'm long biased whether it's day trade or swing trade I want to make sure that the chart is bullish and breaking out above key daily resistance or breaking out above the range and don't worry I'll walk you through some chart examples in just a second and explain what I mean by bullish breakouts with key levels and vice versa if I was filtering through some short ideas I want to see the stock being very bearish with more downside potential so let's go back to the top Gainer on the day here Neo uh as I said I was already long the stock for a swing trade but you can zoom out and see the daily chart so you can see here this is the kind of chart I want to see so you can see on the daily chart over here when I first took Neil around 570s over here you can see that it was gapping up above some decent recent resistance over here at around 570s now the stock is gapping up and closing above that key level here that's why I got long now once the stock starts breaking out I want to see a clear through these resistance at $6 over here and then once again 630s and then you have some more resistance up here at 680s essentially I want to make sure that short term the stock has a lot of more upside to go almost like a staircase from 570 to 6 to 640s then 680s now today you can see this thing gapped all the way to 6 uh 770 here um there's a lot of decent resistance up here um and so therefore it couldn't break through um all those resistance all at the same time in one day but that's what I mean by the stock is bullish again you're holding above more multiple resistance so let's look at another example here tall T So this chart is not bad but at the same time I don't like that the fact that it cannot clear through that recent resistance right here at 1180 over here you can see that line not only is the the resistance from two days ago here it's also the resistance from back in May and April so I don't like the fact that it kind of gapped up and but sold off under the resistance resistance it's still worth watching if the stock is consolidating above that level then you can potentially see upside back to the $13 or even near 14 over here so these are all bullish charts it's just like I don't like the way a lot of these Gap UPS have sold off recently let's take a look at some more examples here ideally a stock that's not no another Chinese stock uh let's at djt I think this is the one that um yeah the the Trump media over here so you know this is not exactly a bullish chart uh you can see it's long-term downtrending after especially after this huge gap up here this key level here 45 gapped up couldn't hold and just been selling off since then you can see it break down tons of these like support area so no this is no bueno not a good bullish stock to look at at all you see a small bounce but it's not probably not going to last so that's a good example of of a bad of a bearish stock oh another one t do this one let's take a look so this one is actually on my swing watch but I'm not currently in the position I'm simply watching um the key level on the stock to watch is this area $9 range you can see $9 this stock broke above no once second time it tested it sold off and sold off and been selling off to 850s and now it's retesting at $9 once again so if the stock can hold and consolidate then you have upside to 980 over here then 1060 is not bad the risk wordwise and petitioned even higher to like 11s so this is a stock that I would like for a potential swing trade if that key level holds and it's a bullish chart if it's able to hold that consolidation key level at $9 so that's how I look through many many charts both bullish and bearish in a very short period of time usually each ticker it'll take me less than 10 seconds 10 15 seconds and that's how I look through like 20 30 charts um just all on stocks iio during the pre-market hours step number four creating a watch list or trading plan this is the step that finalizes everything you've done so far from step one to three essentially you are now taking all the candidates and the stocks that you've selected from The Gap scanner that has good Catalyst for your long strategies and checks out in terms of technical analysis that means you're looking at stocks that have bullish charts on The Daily and volume traded and fits your overall strategy on the long side or the short side you can see some of these example watch lists here that my coaches and I have created for the humble Trader Community every single morning you see the strategy name on the very top the news Catalyst that's causing the stock to be imp play today the key level to watch the closest resistance and support and plan of action for executing that trade you don't have to follow this watch list format exactly of course this is just to give you an idea of how to put everything together that you've done so far in steps one to three into a summary and create a trading plan I know I just threw a lot of information at you if all of this seems very overwhelming don't worry while you learn the ropes of how to build your own pre-market trading routine I can help you at least narrow down some names and the stocks to trade on the weekends I have a free weekly watch list that I sent out every single Sunday the link is in the video description below and remember to check out stocks. the all-in-one trade planning tool for you that'll take you through steps one to three in a more efficient manner and coste effective way this is truly the essential tool I use for day trading and swing trading this year so make sure to check it out and let me know what you think if you want to learn more about the details of how to use this scanner step by step then check out this video over here