Trading successfully is a prolonged process and not the quick earn machine. Very few traders have the patience to walk through the process. This process begins with putting money in the real account and hoping to make quick bucks quickly. But having sacrificed few accounts and the emotional pain, one comes to a conclusion that it is a herculean task. So how can one transform from the one who has blown up many accounts into a successful trader? You can achieve this only if you remain patient and learn how you can trade profitably. One should look at every possible opportunity to learn the successful trading. There are many ways to improve your trading performance.
Don’t Repeat Mistakes
Mistakes are part and parcel of trading. There are few common mistakes most traders make when they start. If you are aware of these mistakes in advance you will know which aspects to be careful of. One does not have to commit mistakes to learn. It is an intelligent approach to learni by avoiding mistakes.
Sign Up with a Mentor
One of the simplest ways is to sign up with a mentor. The advantage of having a mentor is that it will minimize your learning curve. One can still face the difficulties in trading. But mentor will help and guide you through this process especially in the light of the fact that he has seen all that. Mentor is an experienced trader and he knows most of the mistakes. Having mentor eliminates the noise in the process.
Select a Mentor Carefully
There are many famous mentors available on the Internet. They come from different countries. But it doesn’t matter in the age of Internet. You can easily reach them. You will have to select the mentor carefully. Most of the mentors outline their trading philosophy on their website. You should study their approach carefully. Visit their blogs and spend some time there. Get an idea of their trading strategy by watching videos if available. If it makes any sense to you then only go ahead and sign up. Be aware of tradin! g gurus who use flashy advertisements.
Read Books
Other useful way to get knowledge of trading is to read books. There are some excellent books on trading. These books will tell you the logic behind a particular trading strategy or a particular indicator. If you are a price action trader, you should know why pin bars are formed and what information they convey? Reading books will help you in becoming a profitable trader as you will know why you are doing something.
Other Sources to Learn from
Other conventional methods include watching videos, reading blogs, subscribing to newsletter etc. Forex mentors stay in touch with the trading commuity through blogs, commentary on the recent happening in the markets. These are some of the cheapest form of acquiring the knowledge, as I don’t know any blog that charges you for reading. Newsletter will keep you updated with the latest analysis of the markets.
Trading successfully is not an easy job. If you keep learning, the roadblocks on the road will be fewer. If you have a thirst for knowledge, you can be successful at trading. Be prepared to assimilate the knowledge from every direction. It is not an impossible job to be a profitable trader.
Discover ways regarding how to become a profitable trader simply by visiting how to choose an online broker. You can also check out day trading strategies to learn more techniques.
Showing posts with label Best Stocks To Hold. Show all posts
Showing posts with label Best Stocks To Hold. Show all posts
Sunday, April 8, 2012
Thursday, April 5, 2012
MannKind Confirms Design of Pivotal Studies
VALENCIA, Calif.–(CRWENEWSWIRE)– MannKind Corporation (Nasdaq:MNKD) today announced that it has confirmed with the U.S. Food and Drug Administration the design of two clinical studies that evaluate the efficacy and safety of AFREZZA(R) (insulin human [rDNA origin]), an investigational, ultra rapid-acting mealtime insulin therapy, administered using MannKind�s next-generation inhaler. The FDA had previously requested that MannKind conduct two clinical trials with the next-generation inhaler (one in patients with type 1 diabetes and one in patients with type 2 diabetes), with at least one trial including a treatment group using the previously studied MedTone inhaler in order to obtain a head-to-head comparison of the pulmonary safety data for the two devices.
Hakan Edstrom, President and Chief Operating Officer, reported that, �We held a successful meeting with the FDA yesterday, confirming the protocols for the type 1 and type 2 studies. We were also encouraged to proceed promptly with the initiation of both clinical trials.�
Study 171 is an open-label study in patients with type 1 diabetes. After a run-in period, during which all patients will be optimized on their basal insulin regimen, subjects will be randomized to one of three arms: a control arm, in which patients utilize injected rapid-acting insulin at mealtimes, or one of two AFREZZA arms, one each for the MedTone and next-generation device. After the mealtime insulin is titrated, there will be a 12-week observation period on stable doses of the mealtime insulin to assess HbA1c levels, which is the primary outcome parameter.
Study 174 will assess AFREZZA using the next-generation inhaler in patients with type 2 diabetes who are inadequately controlled on metformin with or without a second or third oral medication. Patients will be randomized to treatment with AFREZZA or placebo in a randomized fashion. The study will ! have a t itration period, followed by a 12-week observation period to assess HbA1c levels.
Alfred Mann, Chairman and Chief Executive Officer, added, �We are very encouraged and pleased with this outcome. Our attention now turns to the execution of these trials. The protocol for Study 171 has already been sent to Institutional Review Boards and the protocol for Study 174 is being finalized and will be distributed to our sites shortly.�
About AFREZZA(R)
AFREZZA(R) is a novel, ultra rapid acting mealtime insulin therapy being developed by MannKind Corporation for the treatment of adult patients with type 1 or type 2 diabetes for the control of hyperglycemia. It is a drug-device combination product, consisting of AFREZZA Inhalation Powder pre-metered into single use dose cartridges and the light, discreet and easy- to-use AFREZZA Inhaler. Administered at the start of a meal, AFREZZA dissolves immediately upon inhalation and delivers insulin quickly to the blood stream. Peak insulin levels are achieved within 12 to 14 minutes of administration, mimicking the release of meal-time insulin observed in healthy individuals. To date, the AFREZZA clinical program has involved 56 different studies and over 5,300 adult patients.
About MannKind Corporation
MannKind Corporation focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes and cancer. Its lead product candidate, AFREZZA(R), is in late stage clinical investigation for the treatment of adults with type 1 or type 2 diabetes for the control of hyperglycemia. MannKind maintains a website at www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or p! osts cer tain other information to the website.
Forward-Looking Statements
This press release contains forward-looking statements, including statements related to initiation of clinical studies, that involve risks and uncertainties. Words such as “believes”, “anticipates”, “plans”, “expects”, “intend”, “will”, “goal”, “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the Company’s current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, difficulties or delays in obtaining regulatory feedback, MannKind�s ability to manage its existing cash resources or raise additional cash resources, stock price volatility and other risks detailed in MannKind’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2010 and periodic reports on Form 10-Q and Form 8-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
Hakan Edstrom, President and Chief Operating Officer, reported that, �We held a successful meeting with the FDA yesterday, confirming the protocols for the type 1 and type 2 studies. We were also encouraged to proceed promptly with the initiation of both clinical trials.�
Study 171 is an open-label study in patients with type 1 diabetes. After a run-in period, during which all patients will be optimized on their basal insulin regimen, subjects will be randomized to one of three arms: a control arm, in which patients utilize injected rapid-acting insulin at mealtimes, or one of two AFREZZA arms, one each for the MedTone and next-generation device. After the mealtime insulin is titrated, there will be a 12-week observation period on stable doses of the mealtime insulin to assess HbA1c levels, which is the primary outcome parameter.
Study 174 will assess AFREZZA using the next-generation inhaler in patients with type 2 diabetes who are inadequately controlled on metformin with or without a second or third oral medication. Patients will be randomized to treatment with AFREZZA or placebo in a randomized fashion. The study will ! have a t itration period, followed by a 12-week observation period to assess HbA1c levels.
Alfred Mann, Chairman and Chief Executive Officer, added, �We are very encouraged and pleased with this outcome. Our attention now turns to the execution of these trials. The protocol for Study 171 has already been sent to Institutional Review Boards and the protocol for Study 174 is being finalized and will be distributed to our sites shortly.�
About AFREZZA(R)
AFREZZA(R) is a novel, ultra rapid acting mealtime insulin therapy being developed by MannKind Corporation for the treatment of adult patients with type 1 or type 2 diabetes for the control of hyperglycemia. It is a drug-device combination product, consisting of AFREZZA Inhalation Powder pre-metered into single use dose cartridges and the light, discreet and easy- to-use AFREZZA Inhaler. Administered at the start of a meal, AFREZZA dissolves immediately upon inhalation and delivers insulin quickly to the blood stream. Peak insulin levels are achieved within 12 to 14 minutes of administration, mimicking the release of meal-time insulin observed in healthy individuals. To date, the AFREZZA clinical program has involved 56 different studies and over 5,300 adult patients.
About MannKind Corporation
MannKind Corporation focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes and cancer. Its lead product candidate, AFREZZA(R), is in late stage clinical investigation for the treatment of adults with type 1 or type 2 diabetes for the control of hyperglycemia. MannKind maintains a website at www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or p! osts cer tain other information to the website.
Forward-Looking Statements
This press release contains forward-looking statements, including statements related to initiation of clinical studies, that involve risks and uncertainties. Words such as “believes”, “anticipates”, “plans”, “expects”, “intend”, “will”, “goal”, “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the Company’s current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, difficulties or delays in obtaining regulatory feedback, MannKind�s ability to manage its existing cash resources or raise additional cash resources, stock price volatility and other risks detailed in MannKind’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2010 and periodic reports on Form 10-Q and Form 8-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
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