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Does a stock make its money during the trading day, or overnight?

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Growth of your money

Log scale is on by default — over decades it's the only honest way to show compounding, because equal percentage moves get equal vertical distance.

Best and worst stocks

Day by day

Date Bought at Sold at Day % Day $ Balance Total %

What this is

Every trading day splits into two separate windows, and a stock's return is the product of the two:

Chain those two together and you get buy-and-hold exactly. So this page splits any stock's history into the part earned during the day and the part earned overnight. For a lot of big US stocks the result is lopsided in a way most people don't expect.

Each strategy assumes you start with your chosen capital and reinvest the entire balance every single day. Returns compound: two consecutive +10% days turn $10,000 into $12,100, which is +21%, not +20%.

Set a buy and sell fee to see what brokerage does to all this. Both daily strategies pay a fee twice a day, every day; buy & hold pays once at each end. Over a long history that gap is the whole story.

Not financial advice, and not a tradeable strategy. These numbers ignore commissions, bid-ask spreads, slippage and tax — and you cannot actually transact at the official opening and closing prices. Prices are adjusted for splits and dividends. Data from Yahoo Finance; it can be wrong.