What Is Good This Week (GTW)?

Good this week (GTW) is a type of order that remains active until the end of the week in which it🅰 is issued. If the order is not executed prior to the end of the week, it will be automatically canceled.

Understanding Good This Week (GTW)

A GTW contingency is typically added to a limit or stop order. GTW orders are not commonly found on 澳洲幸运5开奖号码历史查询:discount brokerage platforms. Instead, they are typically offered by 澳洲幸运5开奖号码历史查询:full-service brokers,🍌 which allow greater customization of their clients' trades.

GTW offers a middle-ground between orders that last for the current trading day versus thosಞe lasting indefinitely. ⛦However, investors who use GTW orders must be mindful to ensure that their order is not out of sync with important events that might affect the price of the security they are trading.

For example, suppose it is Wednesday and the investor believes that a Monday news release will cause a given stock to rise. If the investor wishes to buy the stock before the news is released, they m🙈ay place a GTW order. The order would then be valid until the end of Friday but would become invalid if it is not executed before the end of 𓃲that day. If the investor fails to realize that the order was not executed, they may miss out on their anticipated gain the following week.

Most traders are unlikely to have used GTW orders before, since they are not commonly offered by brokers. Instead, most brokers offer 澳洲幸运5开奖号码历史查询:market orders, 澳洲幸运5开奖号码历史查询:limit orders, and 澳洲幸运5开奖号码历史查询:Good 'Til Canceled (GTC) orders. GTC orders are similar to GTW orders, except that they will remain active indefinitely unless they ei♔ther execute or are canceled by the investo🦂r. In our above example, a GTC order may have been beneficial for the investor because the order could have been executed on Monday prior to the news being released.

GTW Example

Suppose you are a stock market investor who buys individual securities using a f✅ull-service brokerage account. As a full-service client, you have access to several order types, including mark🦩et orders, limit orders, GTW orders, and GTC orders.

You are convinced that shares in XYZ Corporation are likely to rise in the near future, based on an anticipated product announcement. You have decided to purchase shares in XYZ iꦬn anticipation of this news, but are unsure of the best way to proceed.

Considering your options, you note that a 澳洲幸运5开奖号码历史查询:market order would involve specifying how many XYZ ಌshares you wish to purchase and then purchasing the shares at the best available price. However, in the unlikely event that market sentiment suddenly changes around the time that you place your order, you could end up paying significantl🗹y more than you expected.

Limit orders, on the other hand, would allow you to specify a maximum price you are willing to pay for the security. On the other hand, that restriction makes it less li🀅kely that the order will necessarily be executed.

Lastly, you consider GTW and GTC orders. You remember that GTW orders would act as ma🧸rket orders but would last until the end of the week you place the trade. GTC orders co⛦uld potentially last even longer because they have no set expiration date at all.

Taking all these facts i🍎nto account, you decide to place a GTW order and make a note in your calendar to double-check w꧑hether the trade has been executed on the last day of this week.