AEX Downtrend Replay (1998-08-19 to 1998-09-21)
Replay the 1998 AEX crash as 48 daily bars with a -28.6% close decline and 9 decision points across turbulent weeks. You step through each authentic session, face critical moments, and receive an AI coach review of your simulated choices.
48 daily bars · 9 decision points · 1998-07 to 1998-10 · Stocks
Key facts
This window spans 67 days with a peak-to-trough drawdown of 32.5% and a 7.5% run-up.
- Max drawdown
- −32.5%
- Max run-up
- +7.5%
- Duration
- 67 days
- Largest single-day move
- −5.9%
- Bars
- 48 Daily bars
- Decision points
- 9
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 Dutch AEX index entered the second half of 1998 amid a period of global financial uncertainty, with markets across Europe feeling the ripple effects of earlier crises in Asia. The replay window spans from late July to early October 1998, covering 48 daily bars that capture a severe downtrend. For anyone training under simulated conditions, the stakes are clear: this was a sustained, broad-based decline that tested every dimension of decision-making under pressure.
The data reveals a brutal contraction: the AEX closed at 557.85 at the start of the window and fell to 398.5 by its end, a decline of -28.6%. The maximum drawdown reached 32.5%, while the largest single daily move hit 5.9%. Across the turbulent weeks, the scenario embeds 9 decision points, 3 of which are flagged as critical, forcing participants to confront moments where positioning, risk sizing, and timing could mean the difference between weathering the storm or compounding losses.
This replay is a laboratory for process and psychology. Navigating a -28.6% downtrend without the comfort of hindsight trains traders to respect volatility, stick to predefined rules, and avoid reactive decisions driven by fear. The three critical junctures ask participants to practice discipline: sizing positions to survive drawdowns, recognizing when adaptation is needed versus when patience is required, and maintaining emotional equilibrium when the market is in freefall. The 1990s vintage of this crash grounds the lesson in authentic history, reminding trainees that even decades-old episodes carry timeless patterns of risk and reward.
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