Good Through Order refers to the limit order that is used to buy or sell a particular security at a specified time at a specified price. This order stays valid till the time of expiry date or till the time the order is executed, modified, or entirely cancelled.
Good through orders are the instructions that are stated by individual traders or investors and hold true till they are not expressly revoked. Good through orders are an excellent way to safeguard the portfolio from excessive losses in case of severe market volatility.
Different time periods for Good Through Order
Investors have the option to set good through orders for predefined periods like a week or a month and these orders will be known as Good Through week (GTW) or Good Through Month (GTM)