ADX Downtrend Replay (1991-10-29 to 1991-11-25)
Replay the 1991 ADX downturn across 40 daily bars, where the index swung up 6.5% overall yet suffered a 26.5% drawdown. You step through each session, face 7 decision points, and receive an AI coach review in a fully simulated, educational market-training environment.
40 daily bars · 7 decision points · 1991-10 to 1991-12 · Stocks
Key facts
This window spans 56 days with a peak-to-trough drawdown of 26.5% and a 31.7% run-up.
- Max drawdown
- −26.5%
- Max run-up
- +31.7%
- Duration
- 56 days
- Largest single-day move
- +14.1%
- Bars
- 40 Daily bars
- Decision points
- 7
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
The Abu Dhabi Exchange in late 1991 presented traders with a 40-day window of intense volatility during a fragile post-Gulf War recovery period. Across daily bars spanning October through December, the ADX index moved through 7 decision points—3 of them critical—demanding disciplined execution in an environment where conventional assumptions about market direction were being tested daily. Participants entered a fully simulated training session where every judgment carried consequence but no real capital was at risk.
The index closed the period at 1.31, representing a net gain of 6.5% from its 1.23 opening, yet this benign headline number concealed a far more turbulent journey. Maximum drawdown reached 26.5%, meaning participants who entered with conviction would have watched their positions swing deeply into the red before any recovery. The largest single-bar move of 14.1% added further psychological pressure, as individual sessions delivered shocks that could easily trigger panic exits or desperate doubling down.
This scenario strips away the illusion of simple directional bets by forcing participants to experience the psychology of holding through severe drawdowns while the eventual outcome remains uncertain. Success depends on process over prediction—sticking to disciplined risk management, avoiding reactive decisions, and maintaining emotional equilibrium. The tension between a positive final result and the painful path required to achieve it is the central lesson, showing that outcomes alone do not determine whether a trader executed well or badly.