PPREMARKET CHARTS & SCANNING

Premarket scanning is a key component of successful day trading  Because you get to see exactly what’s moving before the opening bell.

Here’s a chart example of one that would’ve been good to trade, right:

How to Trade It:  I like to use buy-stop orders, so that the order does not fill unless or until something I’m watching for happens.  Since we use whole numbers as key support/resistance levels, I would be putting my buy-stop order in at $8.10.

Charts to Avoid:  “Pop and Drop”  like this one…