Reviewed by Aug 27, 2020| Updated on
What is Good Through?
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 until cancelled (GTC) order which is good until the customer states that it is not. Success via orders is an indication of 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 expires.
Analysing Good Through
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 such as GTW (Good This Week), GTM (Good This Month) or for any other particularised period set good through time. 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.
Another type is Good-Till-Cancelled (GTC) orders, which are valid until execution or cancellation of the trade. 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.