Best Time To Buy And Sell Stock
To solve this coding challenge, we need to determine the maximum profit that can be made by buying and subsequently selling a stock on different days. The key constraint here is that we must buy the stock on a day before we sell it.
denotes the stock price on the ith day, we need to identify the best possible day to buy and the best possible future day to sell to maximize profit. We will employ a strategy that keeps track of the minimum price we've encountered so far as we iterate through the list, updating this minimum price along the way. Simultaneously, we'll keep a record of the maximum profit achievable by comparing the profit from the current day and the stored maximum profit.
Hereβs the step-by-step methodology to solve this problem:
Explanation
Given an array of prices whereprices[i]
- Initialization:
- Start by checking if the prices array is empty. If it is, return 0 as there is no way to make a profit.
-
Initialize
min_price
-
Initialize
max_profit
- Iterate Through Prices:
-
For each price in the array, check if it is lower than the current
min_price
min_price
-
Calculate the potential profit by subtracting
min_price
-
Compare this potential profit to the current
max_profit
max_profit
- Return the Results:
-
After iterating through all prices, return
max_profit
-
Check if the
prices
-
Initialize
min_price
-
Initialize
max_profit
-
Begin a loop through each
price
prices
-
Inside the loop, if the current
price
min_price
min_price
-
Calculate
potential_profit
price
min_price
-
Compare
potential_profit
max_profit
max_profit
potential_profit
-
After completing the loop, return
max_profit
Pseudocode with Comments
// Define the function to calculate the maximum profit
function maxProfit(prices):
// Check if the prices array is empty, return 0 since no transactions are possible
if prices is empty:
return 0
// Initialize minimum price to the first element in prices
min_price = prices[0]
// Initialize maximum profit to 0 since no transactions have occurred yet
max_profit = 0
// Iterate through each price in the list
for each price in prices:
// If the current price is less than the minimum price seen so far
if price < min_price:
// Update the minimum price to the current price
min_price = price
else:
// Calculate potential profit by selling at the current price
potential_profit = price - min_price
// Update the maximum profit if the potential profit is higher
if potential_profit > max_profit:
max_profit = potential_profit
// Return the maximum profit found
return max_profit