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A couple rough days in the market can undo weeks of confidence and I've seen it happen more times than I care to admit. You think you’re calm until the drawdown shows up before breakfast. Then the questions start piling in. Do you protect what you have left? Do you wait for the bounce? Do you cut the loss before it turns into something much worse? I have watched fund managers freeze on the exact same screens and I have seen private investors throw away years of disciplined work because a pullback rattles them into making the wrong move at the wrong time.For as long as markets have existed, they have pulled back. They always will. And most of the time, they come back. Some of the best moves I’ve seen in my career came right after weeks when everyone felt sick. The real issue is never the pullback. The real issue is how you respond during the pullback. If you react emotionally, you hand whatever edge you worked so hard to build right back to the crowd. If you respond with structure, you position yourself for the next run. Your advantage right now does not come from guessing bottoms. It comes from the discipline to choose correctly when things feel uncomfortable. That decision separates a setback from an opportunity.Nvidia's Earnings Report Will Be Out on Wednesday, Nov. 19 - How to Play NVDA StockNVDA Earnings, FOMC and Other Key Things to Watch this WeekMarkets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.Why Investors Freeze During PullbacksWhen the market turns red, loss aversion takes over. The pain of a loss is twice as strong as the pleasure of a gain. You know that. I know that. Yet it still pushes investors into emotional corners. I have seen people stare at their entry prices as if they were sacred. They wait for the stock to “come back to that level,” as if the market even knows or cares what number they anchored to. That hesitation kills decision-making. It becomes paralysis disguised as patience. Professionals don’t do that. They do not negotiate with the past. They reprice risk the way a chess player resets a board, without caring how the last game ended. They look at the structure now, not the memory of what it used to be. The market does not care where you bought it. It matters where the structure is going.What the Pullback Is Really Telling UsRed tape across the screen is never random. It reveals the segments of the market that were already under pressure. Leadership weakens before the story does. I’ve seen this play out in everything from industrials in 2015 to software in 2021. Liquidity thins out. Crowded trades start to wobble. And suddenly everyone is forced to reevaluate their positioning, not because of panic but because the market stopped offering cover.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,662.75 -29.25 (-0.44%)Dow Futures46,529.00 -136.00 (-0.29%)Nasdaq Futures24,737.25 -141.75 (-0.57%)Russell 2000 Futures2,334.70 -13.50 (-0.57%)VIX22.38 +2.55 (+12.86%)Gold4,020.80 -53.70 (-1.32%)PortfolioSign in to access your portfolioSign inTop gainersPACS PACS Group, Inc. 15.70 +5.12 (+48.39%)DGNX Diginex Limited 13.59 +3.06 (+29.06%)JAZZ Jazz Pharmaceuticals plc 170.09 +29.02 (+20.57%)TERN Terns Pharmaceuticals, Inc. 25.56 +3.00 (+13.30%)NUVL Nuvalent, Inc. 108.00 +11.50 (+11.92%)Top losersMENS Jyong Biotech Ltd. 30.72 -7.47 (-19.56%)LB LandBridge Company LLC 61.88 -12.66 (-16.98%)FLY Firefly Aerospace Inc. 19.48 -3.47 (-15.12%)STUB StubHub Holdings, Inc. 12.82 -2.05 (-13.79%)ONDS Ondas Holdings Inc. 6.26 -0.93 (-12.88%)Most activeOPEN Opendoor Technologies Inc. 7.84 -0.28 (-3.45%)ONDS Ondas Holdings Inc. 6.26 -0.93 (-12.88%)NVDA NVIDIA Corporation 186.60 -3.57 (-1.88%)TSLA Tesla, Inc. 408.92 +4.57 (+1.13%)BBAI BigBear.ai Holdings, Inc. 5.57 -0.49 (-8.09%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 95,061.10 -758.82 (-0.79%)ETH-USD Ethereum USD 3,187.77 -11.34 (-0.35%)XRP-USD XRP USD 2.25 -0.00 (-0.03%)PACS PACS Group, Inc. 15.70 +5.12 (+48.39%)BTC-CAD Bitcoin CAD 133,380.23 -1,064.70 (-0.79%)Top economic events