A great example of this is parents with two kids, one who is near perfect, a
straight-A student, captain of the tennis team, doing community service, and
the other is cutting class, failing some classes, getting into fights, smoking
cigarettes, shaving half his head, and so on. The parents can spend so much
time talking about and dealing with the bad seed that the good kid starts to feel abandoned. He starts getting depressed thinking that they don’t love him as much as his brother and soon begins drinking heavily. Then he finds some of
his brother’s pot and because no one pays attention he quickly develops a $5 a
day pot habit. So the moral here is to cut your losses, send the troubled kid to
military school, and praise the good kid; odds are he’ll make more money in the
future than the troublemaker allowing you to retire earlier, as he supports you.
The bad kid on the other hand is going to cost you money for years, military
school, bail, lawyers, counseling, hair dye, and so on. So cut your losses and
concentrate on your winners.
Now back from my tangent, as you are reviewing don’t get complacent
with good trades. Analyze them in depth and always think about how you
will get out. As you review your trades there are several things you can look
at as I’ll describe in the rest of this chapter. I’ll start with the open trades.
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