A stock trader friend of mine was telling me about a crazy thing that happened to him the other day. Normally, like all good traders, he puts a stop loss on each trade. The stock will be automatically sold if it drops to that price. It is a safeguard in case the stock drops quickly and it protects the trader from the sometimes fantastical idea that a falling stock will magically rebound.
On this particular day, he bought a stock and did not put on a stop loss. As he told the story, he had this blank, empty look on his face. He had no explanation for violating his own rules and going against his instincts. The stock began to drop. He did nothing. It dropped further. As he tells it, not only did he do nothing but he started to believe that it would rebound. It continued to drop. All he had to do was push a button but instead it was like he was in suspended animation and he did not act. Needless to say, it was a bad decision.
As he told the story, I thought about the blank, shell-shocked look on his face. I have seen that look hundreds of times before on the face of parents who couldn’t believe that they had allowed the family situation to get so out of control. The look of helplessness, paralysis as they stand idly by allowing things to happen in the family that they know instinctively will lead to a bad outcome. Sometimes they do not know what to do but mostly they are in disbelief about their own inaction and then compound it with the belief that it will get better on its own. With a host of explanations, they convince themselves that the downward trend cannot last. It will magically turnaround.
They need a stop loss. They need to decide on a point beyond which they will not allow the family to fall. Here are a couple of stop loss points: 1) when parents allow their kids to act irresponsibly and instead of intervening they do nothing to avoid conflict. 2) when kids are taught that they are special but then are allowed to use this as a weapon to punish those who love them and are working in their best interest.
Hopefully, you will take action before it gets to this point. But there has to be a point beyond which you will not go. Decide now where that is. And then, push the button.