I think it’s nuts how parents will live vicariously through their children. Dressing your kid like a Barbie doll doesn’t make you any more attractive. Forcing your kid to play baseball doesn’t make you an all-star. Oh, the status quo to maintain. When I see this type of stuff going on I don’t think “Wow, they must have a lot of money and really love their kids.” I actually think “Man, aren’t these people idiots!” It is wonderful to be involved with your kids but let them choose what they want to do and remember to get a life of your own.
If your child is excelling at basketball, cheerleading or singing, that isn’t necessarily a reflection of you. What IS a direct reflection of you and your parenting skills is the behavior of your child. Teach them how to be a team player, how to be a good sport and how to treat others. Instead of compensating for all you screwed up and missed out on, focus on raising good humans, not complete brats.