Making short clips from longer videos

Here's whagt I used to to do:

1- scrub through each file footage in the preview monitor: set in/out points and drop on the timeline using a kleyboard shortcut

2- Nest each seperate shot, and rename the nested sequence to what I want it to be

3- Select all Nested sequences and Batch export

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(1) First, what is the best way to do this?

(2) Should I put all 500 videos into one file (~2 TB). 

(3) Or should I work with each 8-10 min video in it's own file?

(4) Should I export each shorter clip (2-10 s) as it's own file?

(5) What file format should I save the shorter clips as?

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think of it as solving problem for one video instead of hundreds. Once you solve for one video you'll have solution and then just repeat it as many times as you have to.

I would put your in out points in the source monitor and drag the stuff down to timeline as selections of your source. Then export as intermediate or mp4. Your stuff won't matter cause it's going to youtube, so just stay simple at mp4. It's lossy but who cares.

Send that to your freind.

If it works do your 500 videos like that.

Generally, one would give your editor the entire videos and then give them timecode selects, then they can trim the clips and edit at the same time. But if you wanted you could trim the clips then give them to your editor, just depends on which workflow works best for you and your editor. Neither way is wrong or right.