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Wiki Articles - The Traits Of A Successful Trader
I have been in the market long enough to say that I have my shares of learning experiences. Wins and losses all can be summed up as meaningful lifelong trading experiences. I doubt if anyone can start off as a trader and be consistent all along without some hiccups unless of course he/she comes from a very strict disciplinary mentor. Thos
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
e cases are really rare.
Successful traders all share some indisputable common traits. They anticipate nothing from the market, to them, the market is a place of opportunities. They don't expect the market to go a certain direction with certainty. Stubbornness is deadly for traders. Traders are bounded by very few rules. No one tells you
Successful traders all share some indisputable common traits. They anticipate nothing from the market, to them, the market is a place of opportunities. They don't expect the market to go a certain direction with certainty. Stubbornness is deadly for traders. Traders are bounded by very few rules. No one tells you
; 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
where you must enter or exit your trade unlike being in a casino, you put your money on the table and when the game is over, it's over! That being said, as a trader, you have to use extra caution and discipline not to let these freedom get over your head. Rules are necessary to stay in the game and to be consistent! Your own set of rules
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
to keep you afloat. Discipline is worth a lot more than all the TA (technical analysis) you can ever learn.
So you want to be a trader? Like an engineer or a graphic designer: the usual question would be: are you cut to be one? Well, I tell you something - you can learn to be one - whether you are going to end up being a good trader or n
So you want to be a trader? Like an engineer or a graphic designer: the usual question would be: are you cut to be one? Well, I tell you something - you can learn to be one - whether you are going to end up being a good trader or n
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ot takes a lot more than just a paragraph or two. Being a consistent trader is probably one of the HARDEST THING you have or will ever endeavored. It's unlike our daily norm, where everything is played by rules. For example, you drive a car, you have driving rules, parking rules and what not rules. You go to school, you have to be there a
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
a certain time and study well enough to pass..blah, blah, blah. Being a trader, the degree of freedom that you have is immense! Wow! Isn't that great? Freedom! Yes and No. It works better with the ones who have absolute discipline but the ones who don't, they are usually out of the game in no time! Imagine free flowing your losses..scary
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
! Have you ever heard of a stock price dropping to zero? Well.. worse if you were shorting a stock, your loss can be unlimited. Not to induce fear in you all but just a reality check that ANYTHING can happen to the market so set your stop loss to limit your risk. Good money management is very important!
Anyone can be a trader meaning you
Anyone can be a trader meaning you
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
can place trades and there we go.. but the ultimate goal of any trader forget about the ones who are just thrill seekers or compulsive gamblers, the ultimate goal of any discipline trader is to make MONEY! Consistency is the key to success! Anyone can throw in a profitable trade randomly but what we are seeking as traders is: Consisten
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
y!
As a trader, emotions are one of your worst enemies. Some periods you'll have more drawdown, some periods you'll think you are Gordon Gekko. We all have watched the movie Wall Street with Michael Douglas playing Gekko, right? I think as a trader, you have to control your emotions! Don't jump out of your skin when you are having a grea
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
t week and don't be too hard on yourself when the going gets tough. A professional trader is one that really takes trading to another level. Understands that trading is a zero sum game: when one wins another loses. It's an odds game and the best you can do as a trader is to have the odds on your side. Use your edge to assess a trading opp
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rtunity, when the odds are good, place the trade. Remember that anything can happen in the market so place your stop loss! That's all! Every trade is an independent event of its own, it doesn't depend on your last trade so don't freak out about it! Assess your odds!
Take the emotions out of the game and you will execute a lot more object
Take the emotions out of the game and you will execute a lot more object
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
ively. Never have a fixation of thinking you know what the market will do. There is absolute no Holy Grail out there. No one knows for sure where the market is heading especially short term. If you are sure about the fact that anything can happen in the market and you don't know what it will do next but using your edge, you have higher od
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
ds of winning! That's enough! In the long run, your odds will add up. Your aim is not to have a perfect sore, it never happens. Just like the casino, the owner knows over time, his casino makes good money, he doesn't plan to win all bets, it's impossible!
Don't trade for the sake of trading. It's best to sit through periods of making no
Don't trade for the sake of trading. It's best to sit through periods of making no
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
rades than to rush into the market - that's pure gambling and being very irresponsible. Trading for the sake of trading is something a good disciplined trader who's seeking consistency must avoid.
They say the Trend is your friend! And I say likewise. It's much easier to go with the flow than going against the grain. Then you would ask..
They say the Trend is your friend! And I say likewise. It's much easier to go with the flow than going against the grain. Then you would ask..
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
what is the trend? For me, the most basic way to answer this question is: Is the index or the chosen market above its 200 day moving average? What separates the bullish trend and the bearish trend, it is its 200 day MA. Of course, one also must use the good old eyeball as well. If you aren't familiar with moving averages. There are tons
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
f materials online. I love stockcharts.com and I personally subscribe to their services for charting. There is a free chart school which gives one a basic overview of different commonly used technical indicators. You can also use their basic charting for free if you don't need too much data but it's worth subscribing if you're serious abo
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
ut trading.http://stockcharts.com/education/IndicatorAnalysis/indic_movingAvg.html But you can’t just use one indicator and buy or sell blindly. A lot is depending on your time frame & flexibility. The 200 day would be completely meaningless if you were day trading.
I use MAs (moving averages) a lot! I use the 20 day EMA and MA, 50 day
I use MAs (moving averages) a lot! I use the 20 day EMA and MA, 50 day
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
MA, 200 day. It would take pages and pages to write and elaborate everything down but I think we will take it slow and do it one day at a time! Assess the trend, you can also use supports and resistances to assess your entries and exits including stop losses. That way, you stop loss is never a million mile away. :-p Remember the risk and
.
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
eward ratio should make sense, never assume more risk than the potential gain.
To summarize: in order to achieve consistency as a trader - consistency in making money. There are a few essentials that one must work at. Traders have to accept the fact that anything can happen in the market therefore set stop losses! We have to have the dis
To summarize: in order to achieve consistency as a trader - consistency in making money. There are a few essentials that one must work at. Traders have to accept the fact that anything can happen in the market therefore set stop losses! We have to have the dis
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
cipline to abide by our own rules. Set your own rules of trading. Stick to them. As traders, we have to cut out our emotions. Trade only when the odds are on our side. Money management is definitely very important! Listen to the market, don’t assume and don’t have a conviction. Remember, the market is always right!
Cheers! Happy Trading
Cheers! Happy Trading
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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