Advice Pool - Finance

I first started trading forex back in 2003, and made the typical mistakes of a trading noob. First, I didn't back t

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

est my trading method. To stay consistent with a trading system one needs confidence in how it is going to perform.

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

Examples of combination products may in

This comes with back testing which is looking at price data over past years and analyzing the performance of the tr

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

ading method.

Second, I used poor money management. A general rule of thumb I've seen in the forex community is to

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

use at most 2% of account per trade. I would be embarrassed to say - I don't even remember what kind of percentage

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

Combination pro

I was using back then. I was out to make the fast buck and wasn't concerned with survival.

Trading without a teste

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

system led to inconsistency - I would second guess myself and enter and exit trades without planning. With oversiz

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

ed trading percentage my account quickly deteriorated. After a few months, disillusioned, I concluded that trading

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

orex was not for me.

Fast forward to summer of 2006. Out of the blue I had the desire to take a look at trading ag

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

ain. This time I intended to research well, learn to trade with survivability in mind for the long term, and BACK T

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

ST! I chose a couple of very simple systems to fit my style where I could spend only a short time checking price pa

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

Following aspects would a

terns and entering trades - none of this staring at charts all night during the london and europe sessions. I back

dd to the challenges in developing combination products:

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

tested the systems by hand. Some use automation to back test. One should take care that their method of back testin

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

represents the trading method as accurately as possible.

Satisfied with my preparation, I started trading these m

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

ethods live in October of 2006. Now, some 7 months later, I am trading with complete consistency and emotions do no

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

affect my trading. Sure, I don't feel great when taking losses, and am happy to take in the profits when the trend

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

Professional from academic institutions, pharmaceutical industries, health care indust

s come, but regardless, I stick with the method. This solidity comes from back testing. I also use sensible money m

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

nagement.

I am now up approximately 11%. Translating this to an annual percentage would be about 20%. Now, I will

.

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

be the first to say that a 7 month trading result does not guarantee long term success. I will be more confident in

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

Companies that provide selfless information through particip

my methods after seeing good results for a year or two and more. I will report back on my first year in October. :-

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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