Once in a great while, a stock market venture of yours might end when a company in which you’ve invested is absorbed by a bigger company and passes out of existence. But most of the time you will be required to call your own endings. This is very, very hard to do, so hard that most people fail to get the hang of it. (Most, indeed, fail even to grasp the necessity of it.) But it is a technique you must master. It is an essential part of a good speculator’s equipment.
