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).

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.

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. Market Order

    An order that an investor makes through a broker or brokerage ...
  4. Broker

    1. An individual or firm that charges a fee or commission for ...
  5. Market If Touched - MIT

    A conditional order that becomes a market order when a security ...
  6. All Or None - AON

    A condition used on a buy or sell order to instruct the broker ...
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. Fundamental Analysis

    What are some CEO characteristics/behaviors that could lead to a drop in stock prices?

    Learn about CEO behaviors that may adversely affect a stock price. Explore the conviction of Martha Stewart for obstruction of justice and its consequences.
  8. Brokers

    How long does it take a broker to confirm a trade after it is placed?

    Learn about placing trades with a broker and the amount of time required to received confirmation of different types of orders, such as limit and stop-loss.
  9. Trading Systems & Software

    How do you know if a trade placed to a broker is confirmed?

    Learn how to check if trades placed with brokers online or over the telephone have been filled and confirmed. Explore different types of orders.
  10. Active Trading Fundamentals

    What's the difference between a market order and a limit order?

    Buy and sell trades with market orders at the present stock price and execute limit orders if the stock price falls within certain present limits.

You May Also Like

Hot Definitions
  1. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  2. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  3. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  4. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  5. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  6. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
Trading Center