Advanced English Dialogue for Business – Good through

Listen to a Business English Dialogue about Good through

Roy: Hi Leah, have you heard of the term “good through” in the context of financial transactions?

Leah: Hi Roy! Yes, “good through” is often used in the context of orders placed with brokers or traders, indicating the duration for which the order remains valid.

Roy: That’s correct. It specifies the expiration date and time for an order, beyond which it may be canceled or no longer executed at the specified price.

Leah: Right. For example, if you place a limit order to buy a stock with a “good through” date of one week, the broker will attempt to execute the order at or below the specified price within that timeframe.

Roy: Exactly. It’s important for traders and investors to specify a “good through” date that aligns with their trading strategy and market conditions to ensure their orders are executed timely and efficiently.

Leah: Agreed. Setting an appropriate expiration date helps avoid situations where orders remain open longer than intended, potentially leading to missed opportunities or unintended transactions.

Roy: Absolutely. By specifying a “good through” date, traders can better control their trading activity and minimize the risk of executing orders under unfavorable market conditions.

Leah: Right. It’s also important for traders to monitor their orders and adjust the expiration dates if market conditions change or if their trading objectives evolve over time.

Roy: Correct. Flexibility in managing order expiration dates allows traders to adapt to dynamic market conditions and optimize their trading strategies accordingly.

Leah: Exactly. Whether it’s a day order, a week order, or a month order, specifying a “good through” date helps traders maintain discipline and execute trades in line with their investment goals.

Roy: Agreed. Ultimately, understanding the concept of “good through” dates is essential for effective order management and successful trading in financial markets.

Leah: Absolutely. It’s a fundamental aspect of trading that ensures orders are executed efficiently and in accordance with the trader’s intentions and market conditions.