Reviewed by Oct 05, 2020| Updated on
A good through is a kind of limit order used to purchase or sell a security or asset for a specified period at a specific price. A good through order is typically a stop loss or limit order that remains valid until the expiry date passes, unless the order is executed, cancelled, or modified.
A particular case will be Good-Till-Cancelled (GTC) orders, i.e. the order is good until the customer states that it is not or until execution or cancellation of the trade. Success via orders is an indication that the time orders are in place. Good through is an individual instruction that is used when placing a trade to show how long an order must remain active until it is executed or expired.
Better through is a valuable way of stopping successful traders from unintentionally carrying out trades. We don't have to remember to cancel old deals by setting the time parameters. Unintended executions of business can be very costly if they occur under uncertain market conditions where prices change rapidly.
Investors set good through time for the duration, such as GTW (Good This Week) and GTM (Good This Month) or for any other particularised period. A day order is another example of an order specification where the order stays active and is good until the end of the trading day.
Share splits, distributions, account inactivity, modified orders, and quarterly sweeps are some standard exceptions. These can be a valuable choice for a long-term buyer who is willing to wait for stock before pulling the trigger to hit its target price point.