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Top Articles - How to Avoid Certain Death In Trading
The futures and Forex markets empty the accounts of thousands of traders every year. For most entering trading, and this is true for over 90%, trading commodities means a very certain fina
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ncial death.
The markets are ruthless and will send people home empty-handed without a care.
The opportunities for making money are numerous, and the leverage entices so many people to ju
The markets are ruthless and will send people home empty-handed without a care.
The opportunities for making money are numerous, and the leverage entices so many people to ju
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
p in head first, that it is unreal. It is the ultimate, white collar get-rich-quick arena.
Unfortunately, like all other areas that the get-rich-quick opportunities are being sold, the ra
Unfortunately, like all other areas that the get-rich-quick opportunities are being sold, the ra
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
tio of losers to winners is absolutely horrific.
First thing to do to avoid being one of the carcasses left on the battlefield is to realize that trading is not for everyone. It is defini
First thing to do to avoid being one of the carcasses left on the battlefield is to realize that trading is not for everyone. It is defini
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ely not for the squeamish or weak of heart. You’ve got to have resources and a backbone of steel.
Secondly, realize that it does take knowledge. If it were that easy to make millions in
Secondly, realize that it does take knowledge. If it were that easy to make millions in
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
the markets, don’t you think that it would be saturated with people by now? Just like any other business endeavor, you have to have a clue as to what you’re doing. No one is standing at t
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
e gates with a bag of money to hand you, just because you showed up. You actually do have to “earn” your fortune here.
Third, recognize that it takes skill. For every opportunity to make
Third, recognize that it takes skill. For every opportunity to make
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
money in trading, there are ten ways to lose it. There are several skills necessary to spot the opportunities, but more importantly the skills to plan worthwhile trades and then to proper
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
y execute them to show a profit at the end of the month.
You have to first know what skills to develop, and then have the fortitude to actually develop those skills and put them into pract
You have to first know what skills to develop, and then have the fortitude to actually develop those skills and put them into pract
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ice. Too many people want to ignore this part and just go straight to collecting the profits without any effort.
Fourth is to expand your awareness. Get past the greed factor that pressu
Fourth is to expand your awareness. Get past the greed factor that pressu
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
es you into wishing every trade to be that home run that let’s you retire this month. If you want this to be a profit center for years to come, then treat it as such: long term. Get your
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ocus on doing it right the first time around through preparation, learning and a long term focus.
The other aspect of awareness is self-awareness. Make sure that you’re trading with a sys
The other aspect of awareness is self-awareness. Make sure that you’re trading with a sys
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
tem that matches your emotional style. You wouldn’t get into an occupation that disagreed with your natural tendencies and desires would you? Would you take a job that required 80% travel
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
if you hated to travel? NO! The only way to trade successfully for the long term and enjoy the process is to be aware of your own tendencies and desires, and use a strategy and system tha
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
t are in alignment with who you are as a person.
Most importantly, you’d better be trading with true risk capital. If you’re trading with “scared” money, that is money that you really can
Most importantly, you’d better be trading with true risk capital. If you’re trading with “scared” money, that is money that you really can
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
t afford to lose, then your days as a trader are numbered. You’d probably be better off quitting right now and taking home whatever is in your account.
If you HAVE to make money with your
If you HAVE to make money with your
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
trading capital, you are going to lose it, almost guaranteed. The emotional pressures in trading are enormous, and adding the need to make money will only cloud and distort your thinking
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
o the point that you make poor trading decisions. In trading, the leverage will put you on the path to ruin with the first major mistake that you make, if you’re an emotional mess.
The be
The be
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
st way to avoid certain death in trading is to first safeguard yourself against all the pitfalls that are there. If you are na?ve about trading, your biggest risk is your ignorance. The p
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tfalls are killers in trading, and you can’t afford to fall prey to the traps that await you.
Survival requires wisdom, prudence and good guidance.
Copyright 2006 New Ireland Ventures, LL
Survival requires wisdom, prudence and good guidance.
Copyright 2006 New Ireland Ventures, LL
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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