Good This Month - GTM

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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.

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RELATED FAQS
  1. How can I use a buy limit order to buy a stock?

    An investor uses a buy limit order to buy a stock at a specific price or better price. Unlike a market order that takes the ... Read Full Answer >>
  2. What is the difference between a buy limit and a stop order?

    A buy limit order is used when an investor wants to open a long position in a stock at a certain price, while a stop order ... Read Full Answer >>
  3. What are some ways to reduce downside risk when holding a long position?

    A trader seeking to minimize his downside risk in an existing long position can do a number of things to protect a portion ... Read Full Answer >>
  4. How do I determine where to set my stop loss?

    Determining stop-loss order placement is all about targeting an allowable risk threshold. This price should be strategically ... Read Full Answer >>
  5. What types of investors are best-suited for stop loss orders?

    From conservative investors to highly speculative day traders, no one likes to see a loss in a portfolio. There are several ... Read Full Answer >>
  6. What are the advantages of a limit order over a market order?

    The primary advantage of a limit order over a market order is that the limit order guarantees market entry at the trader's ... Read Full Answer >>
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