Investopedia explains '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.
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