Written by:
Image
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades.

Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers. While there, Paul authored and edited thousands of financial research briefs, was published on Nasdaq. com, Yahoo Finance, and dozens of other prominent media outlets, and appeared as a guest expert at prominent radio shows and i...

View all posts
Updated October 16, 2020

What is a Good Through?

A good through order is a trade order with a deadline. Usually, it is a stop loss or limit order

How Does a Good Through Work?

Let's assume you want to buy 100 shares of Company XYZ, but you don't want to pay more than $5 per share for the stock. If you place a $5 limit order, you are instructing your broker to buy 100 shares at any price up to $5 per share. 

Likewise, if you wanted to sell your Company XYZ holdings for no less than $10 per share, you could place a $10 limit order, meaning that your broker can execute the sale at prices no lower than $10 per share. By adding a good through, you give the broker a certain number of days to execute the order. The order is automatically canceled at the deadline unless the order is filled.

Why Does a Good Through Matter?

Good through orders, like most limit orders, can limit losses and lock in profits by giving investors some sort of a specified purchase or sale price by a certain day. This makes them very useful in low volume or high volatility markets, but is important to note that this type of order will not be executed if the market price does not meet the order requirements. This can be troubling for investors who need immediate liquidity.

Ask an Expert about Good Through
At InvestingAnswers, all of our content is verified for accuracy by Paul Tracy and our team of certified financial experts. We pride ourselves on quality, research, and transparency, and we value your feedback. Below you'll find answers to some of the most common reader questions about Good Through.
Be the first to ask a question

If you have a question about Good Through, then please ask Paul.

Ask a question

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 2 million monthly readers.

If you have a question about Good Through, then please ask Paul.

Ask a question Read more from Paul

Read this next

Paul Tracy - profile
Ask an Expert about Good Through

By submitting this form you agree with our Privacy Policy

Share
close
Don't Know a Financial Term?
Search our library of 4,000+ terms