GTW Meaning: Understanding Good This Week and How It Works

Bittime - Good This Week (GTW) is a type of order in stock trading that remains active until the end of the week in which it was issued. If the order is not executed before the end of the week, it will automatically be cancelled.

GTW provides flexibility for investors who want to keep their orders open for multiple days without having to renew them every day. That said, this order type is not commonly found on discount brokerage platforms and is more often offered by full-service brokers who allow for more customization in their clients' trades.

How Good This Week (GTW) Works

GTW is often used in combination with limit orders or stop orders. For example, an investor who wants to buy or sell shares at a certain price limit can add a GTW instruction to keep the order in effect until the end of the trading week.

However, there are several things that investors who use GTW need to pay attention to:

• Not available on all platforms: Not all brokers offer GTW options, especially on discount trading platforms.
• Valid until the end of the trading week: Orders will remain active until Friday afternoon, unless executed earlier.
• May be influenced by market events: Investors should consider external factors that may influence stock prices before their GTW orders are executed.

For example, an investor who anticipates an increase in stock prices due to a new product announcement next Monday could place a GTW order on Wednesday. If orders are not executed by the end of the week, investors may miss the opportunity.

Also read: Still Saving in a Piggy Bank? These are the risks and drawbacks!

Differences between GTW and Other Order Types

GTW is often compared to several other more commonly used order types, such as:

• Market Order: An order to buy or sell shares at the best price available at that time.
• Limit Order: An order to buy or sell shares at a certain price or better.
• Good 'Til Canceled (GTC): Orders that remain valid until manually executed or canceled by the investor.

In contrast to GTC which can last for weeks or even months, GTW provides a solution between daily orders and long-lasting orders. This helps investors who want to maintain flexibility in their trading without the risk of orders remaining open for too long.

Example of using GTW

Suppose an investor wants to buy stock XYZ which is currently trading at $50 per share. Investors believe that prices will rise in the next few days due to positive news. However, they don't want to buy shares at more than $52.

Investors can invest limit order with instructions GTW, that is:

• If the stock price reaches $52 or less before the end of the week, the order will be executed.
• If the price does not reach $52 by the end of the week, the order is automatically cancelled.

Also read: Economic Development: Positive and Negative Impacts

Conclusion

Good This Week (GTW) is an order type that provides flexibility for investors by remaining active until the end of the trading week. Although not as popular as other order types, GTW can be a useful tool for those who want to adjust their trading strategy over a specific time period. Before using GTW, it is important for investors to understand how it works and consider its potential impact on their investment strategy.

FAQ 

1. Is GTW better than GTC?

GTW is suitable for investors who want to keep orders active for a limited period of time, while GTC is better for those who want orders to remain valid indefinitely.

2. Can GTW be used on all trading platforms?

No. GTW is more commonly found on full-service brokers compared to discount trading platforms.

3. When is it best to use GTW?

GTW is ideal for investors who want to execute trades within the current week without the risk of orders remaining open for too long.

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Reference

Investopedia, Good This Week (GTW): What It Means, How It Works, accessed March 12, 2025.

Author: MF