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0 pointspavlov4y ago0 comments

Because professionals don’t want to monitor stock prices 24/7, and because the end-of-day price is significant a lot of things.

A lot of trading takes place in the last 30 minutes of the day for that reason.

0 comments

Victerius4y ago

> Because professionals don’t want to monitor stock prices 24/7

I'm sure you could pay professionals to work in shifts to monitor stock prices 24/7.

> because the end-of-day price is significant a lot of things.

Isn't that circular reasoning? "The stock market needs to close during the day because the end-of-day price is significant to a lot of things because the stock market needs to close during the day". Take the spot price at 00:00:00 AM as your end-of-day price and call it a day.

bee_rider4y ago

>> Because professionals don’t want to monitor stock prices 24/7

> I'm sure you could pay professionals to work in shifts to monitor stock prices 24/7.

I guess you'd have to pay somebody extra to monitor those prices overnight. And the companies themselves by-and-large are doing less in the middle of the night in their local time. I mean, I know it is pretty detached from reality, but the stock at least tries to pretend that it is in some way grounded in the fundamentals of the companies involved, right? No news, no new info to make trades on.

jonathankoren4y ago

Two words: shift work

Another two words: algorithmic trading

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