In Chapter 10 of How To Stop Worrying And Start Living; Dale tells us that Stop Loss Orders are something that folks usually put on stocks when they have money invested in the Stock Market. The purpose of a Stop Loss Order is exactly what it sounds like it is for. If a stock should dip below a certain number it is sold off immediately so that the investor doesn’t have to lose any more money on an investment that she or he has made.
Generally when investing in stocks, provided the investments are made intelligently, some may feel that there shouldn’t have to be any need for setting up a Stop Loss Order. However, it is a good idea before buying any stock to properly assess it in terms of what you expect to get out of it and how much you are willing to put into it, with regard to both time plus money, before you are willing to let it go and move on to the next thing. That assessment, of course, is a sort of Stop Loss order in and of itself because it puts limits on what you are putting into something.
In this chapter of, “How to Stop Worrying and Start Living,” Mr. Dale Carnegie explains that Stop Loss Orders can be used in our day to day living. How long are you willing to wait for someone who was supposed to meet you for lunch or dinner? How long are you willing to remain angry with someone for something they once did to you? In short; how much are you willing to pay for something? Are you sure that the value you put on what you want isn’t too high? His point with all of this is that if we start putting Stop Loss Orders on those things that have the potential to cause us worry or anxiety; we can minimize the stress in our lives that would otherwise take a major toll on us physically and emotionally.
In social situations it is hard to be stressed or worried about becoming another person’s personal doormat if you refuse to be one. You can achieve this by setting limits as to what you will tolerate from other people. In short; you are working with an intelligent sense of values on your life and the time you have in it.
This also means you are putting a value on those around you in terms of the life energy you have to put into relationships with them. There is nothing wrong with doing that. Obviously some people will be worth more energy than others. So, “Yes,” you will have to make a determination as to how much energy you want to devote and to whom.
However, regardless of whether it is people, places or things that are the cause of our stress and worry; Dale Carnegie tells us in his book that we can evaluate things via three simple questions. How much is this person place or situation worth to me? At which point should a Stop Loss Order be put on this concern? How much should I be paying for this concern with regard to my life currency, or have I paid too much in terms of it already? Dale suggests that we ask ourselves these questions whenever we feel like we need to start throwing good currency after bad with regard to the energy we put into daily living.
Tired of worrying all the time? Is what you are worrying about worth the cost in terms of your quality of life? Did we mention here that putting a Stop Loss Order on your worries doesn’t require a Stock Broker, computer connection, and is Free of Charge? So if you are worried about something and you feel having that worry has cost you too much already why not submit your Stop Loss Order on it, before it bankrupts you, right now?