Good This Week (GTW) orders are a unique type of stock order that are rarely offered on discount brokerage platforms. These orders are designed to give investors the maximum flexibility when it comes to buying or selling stocks. Unlike other order types such as market and limit orders, GTW orders expire automatically each week. As such, if the market moves too quickly or the stock does not have enough buyers or sellers during the week, the investor’s order will be canceled.

GTW orders offer some benefits over other order types, including the ability to get filled quicker. If a buy or sell order is placed more than one day before the end of the current week, chances are good that the order will be filled regardless of the market conditions. This is in contrast to typical market or limit orders, which may take several days or more to be filled.

The main downside of GTW orders is the fact that they are only valid for one week. While this means that many trades can be completed in a shorter amount of time, it can also be problematic for traders who want to hold positions for a longer period. By the end of the week, they may find that their open positions are automatically closed if the conditions have shifted too quickly.

GTW orders are still relatively rare compared to GTC (Good 'Til Canceled) orders. This is because GTW orders require a bit more attention than GTC orders, thanks to the expiration date. That said, GTW orders can be beneficial for investors who are looking to capitalize on short-term market movements or who need to complete transactions quickly. Investors should keep in mind, however, that this type of order is not the right choice for holding positions for longer than the expiration date.