Good This Month - GTM

AAA

DEFINITION of 'Good This Month - GTM'

A limit order to buy or sell a security that remains in effect until the end of the month in which it was issued. The order automatically fills once the security reaches a predetermined price. The order will expire and be canceled if it has not been filled by the end of the month (usually at the close of the last trading day of the month). Other order types can be used to restrict the length of time that an order can be filled before being canceled, such as good for the day orders (GFD).

BREAKING DOWN 'Good This Month - GTM'

Investors use good this month orders to try to buy or sell a security when it reaches a certain price, within a limited time period. By using this order type, investors can place an order and essentially forget about it until one of two things happen: the order is filled, at which point the investor should receive the appropriate confirmation; or the order is automatically canceled at the end of the month. By having any unfilled orders automatically cancel at the end of the month, investors avoid triggering a position that is no longer desired due to constantly changing market conditions.

RELATED TERMS
  1. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  2. Immediate Or Cancel Order - IOC

    An order to buy or sell a security that if not immediately filled, ...
  3. Broker

    1. An individual or firm that charges a fee or commission for ...
  4. All Or None - AON

    A condition used on a buy or sell order to instruct the broker ...
  5. Market If Touched - MIT

    A conditional order that becomes a market order when a security ...
  6. Market Order

    An order that an investor makes through a broker or brokerage ...
Related Articles
  1. Active Trading Fundamentals

    Tips For Controlling Investment Losses

    A profit/loss plan helps investors recognize mistakes and invest logically, rather than emotionally.
  2. Investing Basics

    Understanding Order Execution

    Find out the various ways in which a broker can fill an order, which can affect costs.
  3. Investing

    Tips For Investors In Volatile Markets

    Find out what to look out for when trading during market instability.
  4. Options & Futures

    Use Married Puts To Protect Your Portfolio

    Learn how put options can act as insurance for volatile stocks in your portfolio.
  5. Options & Futures

    Should Your Options Go Naked?

    Compare naked strategies to credit spreads and see if the unlimited risk of going naked is worth it.
  6. Forex Education

    Lessons From A Trader's Diary

    Discover what this trader learned from his mistakes and how to uncover your own.
  7. Investing

    Redefining the Stop-Loss

    Using Stop-losses for trading doesn’t mean ‘losing money’, but instead think about the money you'll start saving once you learn how they work.
  8. Investing

    6 Reasons Why Every Investor Should Consider ETFs

    Once you understand the benefits of ETFs, you’ll see how they could be an exciting and smart way to help meet your financial goals. Here some key facts.
  9. Brokers

    Explaining Market Orders

    A market order is the most common order used to purchase a financial security.
  10. Investing Basics

    Understanding Buy Stop Orders

    A buy stop order is an order to buy a stock at a specific price above its current market price.
RELATED FAQS
  1. How do I place an order to buy or sell shares?

    It is easy to get started buying and selling stocks, especially with the advancements in online trading since the turn of ... Read Full Answer >>
  2. How do I set a strike price in foreign exchange trading?

    In trading with a foreign exchange, a trader can set a strike price for a currency pair by entering a limit order or a stop ... Read Full Answer >>
  3. How do I place a buy limit order if I want to buy a stock during an initial public ...

    During an initial public offering, or IPO, a trader may place a buy limit order by choosing "Buy" and "Limit" in the order ... Read Full Answer >>
  4. Are stop orders only used for stocks?

    Stop orders can be used for a variety of securities and are not limited to stocks. They can be extended to other securities, ... Read Full Answer >>
  5. Should I enter a limit order to buy a position with a bid and ask that are far apart?

    You face the risk of losing the spread in a security with a bid and ask that are far apart when you enter a market order. ... Read Full Answer >>
  6. When should I use a trailing stop order?

    Trailing stop orders are used to limit losses and protect profits on a stock position. You should use trailing stop orders ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Recession

    A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, ...
  2. Bubble Theory

    A school of thought that believes that the prices of assets can temporarily rise far above their true values and that these ...
  3. Stock Market Crash

    A rapid and often unanticipated drop in stock prices. A stock market crash can be the result of major catastrophic events, ...
  4. Financial Crisis

    A situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated ...
  5. Election Period

    The period of time during which an investor who owns an extendable or retractable bond must indicate to the issuer whether ...
  6. Shanghai Stock Exchange

    The largest stock exchange in mainland China, the Shanghai Stock Exchange is a nonprofit organization run by the China Securities ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!