Grit and Money

 I was listening to one of the Market Wizards book and just thinking how many of the traders in the books lose all of there money when starting out - sometimes they blew up several accounts. But what was different about these people might be that they stick with it and find a way to get back in the game and eventually figure it out.  This brings up the question of course of all of those people who blow up accounts get back into the game - maybe several times - but don't figure it out. So it would seem that you need to have grit - the sticking to it - and money to be able to try again. There is a third ingredient  - change.  You can't be an idiot  and do the same thing over again and expect a different outcome or else you just blow up again.  The market does change and maybe your strategy would start working, but that would probably be unlikely to solve everything, because the market is constantly changing and thus you must be able to understand that and able to adapt to those changes. Jack Schwager in his books (the Market Wizards books) talks about the traders loving what they do.  Do you love what you do?