Just Other Articles

This is a good question that I have thought a lot about over the years.

When I first began trading, a fairly substantial percentage of futures contracts actually ended up in a delivery--certainly more than we

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

see today. Today only 3% of contracts result in delivery.

The economic and social justification for the futures markets is to provide a venue in which producers and users can hedge against excessive fluctuati

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

Examples of combination products may in

ns in price. With hedging as its justification, speculation in futures serves as a way of providing liquidity, efficiency, and price discovery. The speculator serves as the person who is willing to take the r

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

sk the hedger wants to avoid. Without that justification, trading futures is nothing more than outright speculation.

However, it is difficult to see how trading a 1, 3, or 5-minute chart meets the criteria for

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

providing liquidity and price discovery for the hedger. Does a producer or consumer need to hedge for only 1 minute? It is hard to argue, on the basis of short-term intraday trading, that anyone is actually p

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

Combination pro

oviding a social or economic benefit of any kind.

Whereas with longer-term trading it is easy to see the social and economic benefits provided by the speculator, it is virtually impossible to see that such ben

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

fits are derived from short-term trading. That renders day trading to be nothing more than speculating. To that extent, the futures markets may have become giant gambling casinos.

That raises a question: Wha

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

t is the difference between the gambler and the speculator?

True speculation is based on taking advantage of the realities of the market. Gambling is an attempt at trying one’s luck.

The true speculator is w

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

lling to accept the risk of price fluctuation in return for the greater leverage that comes with that risk, in the hopes of earning a greater profit. The true speculator makes his trading decisions based on kn

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

wledge gathered from information about the behavior of the underlying, seasonality, historical and current trends, chart analysis, fundamentals, the market dynamics, and knowledge of those who trade it. But wh

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

t about the gambler, how does he make his decisions?

The gambler makes his trading decisions on gut feelings, hopes, dreams of getting rich quick, tips from the broker, “inside information” from friends, and f

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

Following aspects would a

om the improper understanding and use of indicators, oscillators, moving averages, and mechanical trading systems. In general, he is looking for a way to shortcut having to truly learn what is going on. Unfor

dd to the challenges in developing combination products:

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

unately, most people who attempt to trade fall into this category. Many wannabe traders are gambling and they don’t even realize it. Anyone who attempts to trade without essential knowledge of what the market

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

are all about, and how they truly function, is gambling.

There is one more aspect to this subject. It has to do with morality. I am often asked if trading goes against the teachings of the Bible. Is it a s

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

in to trade? Is it a sin to speculate in the markets? I have been asked this question numerous times even by church pastors. My friend Kent Calhoun said it this way: “You did not pay to be born. Life is a gi

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 that was freely given to you. The ways in which you repay God for your life is by using your natural talents to the best of your ability, and constantly creating positive change in your life and the lives of

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

Professional from academic institutions, pharmaceutical industries, health care indust

thers. This quest fulfills the meaning of life, to make the world a better place because you were here. What are your talents and abilities? What is the most important goal in your life? How do you exercise you

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

talent on a regular basis to achieve that goal? How are you creating positive changes in your life and the lives of others? What is the legacy you will leave behind to show mankind that you ever existed? May G

.

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

d bless you and your efforts to become the best person and the most consistently profitable trader you possibly can!”

In my own life, I use my trading to support my prison ministry, mission work, and my local

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

Companies that provide selfless information through particip

hurch. I believe that produces both economic and social benefits to the world in which I live.

Joe Ross
Trading Educators Inc

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Want to get your business or career into high gear? Look first at the top line on a profit and loss statement - revenue is the engine that drives all businesses. What's the best way to add value and increase revenue? Needs satisfaction sales techniques.

Popular keynote speaker, best-selling author, sales coach, and President of Customersatisfaction.com, Dr. Gary S. Goodman, spent one remarkable day in the vacuum cleaner business, learning a very valuable lesson about sales performance.

Mention Internet Marketing and it will strike fear in most people while to some, it is sweet music. To the successful few, the secret lies beneath knowing how and where to begin. Learn from others experience to enjoy the sweet music.

Tags

Links

Just Other Articles - Does Trading Produce Anything of Value to Anyone?

Related Articles: