There are umpteen arguments on the topic of “time the market vs time in market”. I am not going to argue which is better as it really depends on the skill sets and personality of individuals.For me, I chose to stay in the market as I do not closely monitor the counters in my portfolio. I don’t have the time to do that nor do I want to do that.

With the US market going into the red last night, NVCR’s share price popped! The market cheered its positive late-stage data on the Tumor Treating Fields (TTFields) therapy for non-small cell lung cancer. To be honest, I am amazed by how much the price has appreciated over the news.

While I have seen price going up by 20% to 30% in a day for US shares, this is the first time seeing one going up by near to 70% in a day! I am and probably will not be able to catch such share price movements. So to prevent myself from missing such jumps, I decided that it is better for me to stay in market.

For the record, I am still in the red for NVCR and it is one of the smallest position in my portfolio, so what happened has little impact on my portfolio.

Discover more from The Fat Investor

Subscribe to get the latest posts sent to your email.