Advice Pool - Finance

When a market timer (or any investor) makes a trading decision based on a news event, fear of losing out on a rally (or fear of losing money in a sell off), ev

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

en the neighbor's trading tip, he or she is trading on emotions.

Trading on emotions, news events, market rallies, etc. is basically trading on a WISH.

There

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

is no basis for the trade, at least none that can be counted on to last. There is nothing but "the moment." The trader "wishes" he or she will be right.

Odds

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

f winning? Slim. Because trades made on "wishes" have no plan behind them. There is no "exit" strategy. Invariably, the trade is held until losses become painf

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

l enough to force the trader to "emotionally" sell at a loss.

In fact, probably the worst thing that can happen is for a market timer to make a trading decisi

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

n based on such an emotional event, and then be profitable the very first time!

Not that there is anything wrong with being profitable. But very soon that sam

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 trader will be looking at a losing trade, and the confidence of that first win is likely to cost him or her dearly.

Making Money

No one makes money on Wall

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

Street without a trading plan. No One!

Sure, the person with an initial profit can feel great for awhile. And really, really long term investors, those who ca

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

afford to watch several bear markets whack 50% to 80% off their savings every 10 years or so, will eventually make money.

When we say long term, we mean 20 t

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

30 years! If you sit tight, you will likely make a profit. As long as you do not panic and sell at a bottom. or become greedy and "double up" with margin (alm

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

st always at market tops). And, as long as you do not reach retirement age at the same time a multi-year bear market starts.

There is only "one way" to be cer

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

tain of being profitable.

By having, and following absolutely, a finely tuned trading plan that capitalizes on "trends" in the stock market.

Traders and mark

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

t timers who have a strategy for entering and exiting positions, and who follow their rules, on a timely basis without hesitation, "DO" make money.

Those who

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rade by daily news events, daily or weekly rallies & declines, and TV hype, will "always" end up losing money. Remember, for every winning trade in the stock m

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

rket, there is a losing trade on the other side. Only those who follow a plan consistently make the winning trades.

One of the most important questions you mu

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

t ask yourself is:

Do you want to "BE RIGHT" for a short time. Or do you want to "MAKE MONEY" for a long time.

Winning Traders and Timers Know the Secret

Ig

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

nore the news. Ignore the daily ups and downs. You have no control over them anyway. No one knows what the next day will bring. No one!

Wishing will not help.

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

Watching the financial news religiously will not help. There is just no way to know what will happen tomorrow, or even what will happen next week.

But a succe

.

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

sful trading plan uses that very same daily information and creates unemotional buy and sell decisions that, over time, will make even the most emotional perso

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

, a successful (profitable) market timer.

We provide the plan. All you need do is follow the signals. And following the signals is the key to being profitable

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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Every seller has been afflicted by the buyer who neither says yes nor offers an objection. He is the fence-sitter, the person who seems almost biologically unable to arrive at a decision, no matter how much prompting you do. So, how can you get a sale if he won’t at least give you an affirmative grunt? It’s tough, unless you come to the situation armed with a very special type of close, says Dr. Gary S. Goodman, top speaker, international consultant, and popular commentator on radio and TV.

We all have all it takes to succeed in any business. The power is in you. Discover it and develop it now. There is nothing you can not achieve if only you believe in it.

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