ADX Downtrend Replay (1989-08-08 to 1989-10-17)
ADX stocks dropped 22.9% from 1.75 to 1.35 between June and November 1989, with a 24.6% max drawdown testing investor composure. Replay the 100-bar decline day by day, face 11 decision points, and receive an AI coach review in this simulated training environment.
100 daily bars · 11 decision points · 1989-06 to 1989-11 · Stocks
Key facts
This window spans 143 days with a peak-to-trough drawdown of 24.6% and a 8.2% run-up.
- Max drawdown
- −24.6%
- Max run-up
- +8.2%
- Duration
- 143 days
- Largest single-day move
- −6.3%
- Bars
- 100 Daily bars
- Decision points
- 11
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
In the summer of 1989, the Abu Dhabi Exchange represented a frontier market where early-stage development met regional oil economics and geopolitical uncertainty. The June-to-November window placed participants at the nexus of emerging market investing, where the stakes extended beyond portfolio returns to fundamental questions about capital preservation and risk assessment in an era before modern electronic trading. This was not a hypothetical exercise but a pressure test of discipline under sustained market duress.
Over 100 trading days from June 30 to November 20, 1989, ADX stocks declined 22.9% from 1.75 to 1.35, with the drawdown reaching 24.6%. The largest single-bar move of 6.3% underscored the volatility embedded within this correction, while participants confronted 11 decision points across the decline, four of which were designated critical moments requiring decisive action or deliberate restraint. Each bar told a story of shifting sentiment in a market with limited liquidity and information asymmetry.
This replay teaches that surviving prolonged downturns requires process over prediction. The participant learns to calibrate position sizing against max drawdown expectations, to distinguish between structural breakdown and temporary dislocations, and to practice the psychological resilience that prevents surrendering positions at precisely the wrong moment. The value lies not in hindsight but in building the disciplined framework that serves through any market environment.