Felt this quote is just perfect for the current environment.. always come back to it #PTJ
βThere is no training that can prepare for trading the last third of a move, wether itβs the end of a bull market or the end of a bear market. There is typically no logic to it; irrationality reigns supreme, and no class can teach what to do during that brief, volatile reign. The only way to learn how to trade during that last, exquisite third of a move is to do it, or, more precisely, live it β a sort of baptism by fire. One has to experience both the elation and fear as markets move five and six standard deviations from conventional definitions of valueβ - Paul Tudor Jones, July 2008