Tech Torque – How to Place Orders

Having a great set of strategy rules is an important component of being a profitable trader. Just as important, however, is that you execute the strategy rules with precision. If you diverge from the rules, either intentionally (discretion) or unintentionally (mistakes), then it’s likely that your results will differ from ours as well. 

For the Tech Torque strategy, good execution is primarily a matter of placing the correct entry and exit orders in a timely manner. It doesn’t matter whether you’re new to trading or very experienced. It doesn’t matter which broker you use. It just matters that you use the information from the Signal Table to place the right trades at the right time. If you ever have questions, we’re happy to answer them. 

In all cases, you should place both the buy orders and the sell orders at the SAME time. That way, the capital released by selling the old shares can be used to purchase the new shares. 

Also, you MUST have a margin account to place these orders. Even though you are not borrowing any money, a brokerage requires a margin type account if you want to reuse your cash on the same day that you exit a position. 

The back test results were generated by entering at a limit price and exiting at the open.

For Buy Orders 

All Tech Torque entry signals are generated at the end of the day. More specifically after about 8pm PT after we’ve received and processed all the price data for the day. 

The signal page will give a limit entry price. Place your limit buy order for day only (not GTC) at this price. We are looking for intraday selloff to occur. You can enter these orders anytime before the next market open.

For Sell Orders 

Tech Torque exit signals are generated at the end of the day. Exit the next day at the open.

 

Thank you, 

Cesar, Steve & Matt