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The turtle’s story is perhaps one of the most interesting in trading history in just two weeks they learned a method and applied it

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

to make millions and some became some of the most famous traders in the world.

So how did these traders with no previous experien

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

Examples of combination products may in

ce become such great traders in 14 days? Let's find found.

The Debate

In 1984, Richard Dennis taught a trend following system to

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

a group of students, to prove that, no matter what their profession, trading was a skill that could be specifically learned.

Denni

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

s was settling a debate with his friend and partner William Eckhardt who believed successful trading was a skill that could not be

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

Combination pro

aught to everyone.

Before we look at the turtles, check out the excellent interviews on the subject in Jack Schwagers book Market

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

Wizards.

Now let’s look at the turtles and what we can learn.

Who Were The Turtles?

They were certainly from diverse backgrounds

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

and the one thing they all had in common was they had never traded before.

An actor, a security guard, some professional card pla

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

yers, a bookkeeper, a boy who had not worked a clerk.

These traders after just 14 days went on to make millions and many remain fa

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

mous today, so how did they do it?

The success was due to:

The right mindset, combined with a simple system and strict money mana

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

ement.

The turtle trading experiment gave them a simple system and taught them the RIGHT MINDSET to succeed.

Simple systems are b

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

Following aspects would a

est

The system taught was very simple, so simple in fact, that anyone with the will to learn it could and the turtles did.

The sy

dd to the challenges in developing combination products:

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

stem essentially was based on breakout methodology with very few indicators to confirm trades and STRICT money management criteria.

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

Dennis knew that complicated trading methods are NOT likely to be more successful than simple ones and this has always been a tra

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

ding fact.

Simple trading systems are more likely to be successful, as they are more robust in the face of brutal and constantly c

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

hanging market conditions.

From confidence comes discipline

If you are confident and understand a system you will follow it with

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

Professional from academic institutions, pharmaceutical industries, health care indust

iscipline.

Most traders don’t have discipline because they don’t have confidence in their method.

You must have confidence to hav

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

e discipline; if you don’t have discipline you don’t have a method in the first place.

Final words

The turtle experiment teaches

.

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

us that trading can be learned by anyone with the will to succeed and work hard in the RIGHT areas.

The turtles didn’t work as har

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

Companies that provide selfless information through particip

d as many traders, but they worked smart on the right areas and made a lot more money - that is a lesson all traders can learn from

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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