"There is no training that can prepare for trading the last third of a move" (Paul Tudor Jones)

The last third

SOX up 50% in one month. In 2000 the SOX nearly doubled in the final six weeks from late January to early March.

“There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it’s the end of a bull market or the end of a bear market.”