ATX Uptrend Replay (1994-06-22 to 1994-09-01)
Replay 102 daily bars of a 1994 ATX uptrend that quietly ended down 1.7% after a 9.0% drawdown. Step through 11 decision points, weigh each 3.6% swing, and receive an AI coach review of your market-replay choices in a simulated environment.
102 daily bars · 11 decision points · 1994-05 to 1994-10 · Stocks
Key facts
This window spans 146 days with a peak-to-trough drawdown of 9.0% and a 13.8% run-up.
- Max drawdown
- −9.0%
- Max run-up
- +13.8%
- Duration
- 146 days
- Largest single-day move
- +3.6%
- Bars
- 102 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 1994, the Austrian Traded Index (ATX) presented traders with a deceptively subtle challenge. Spanning 102 daily bars from mid-May through early October, this replay captures a period where the surface narrative of an uptrend masked a quiet underlying deterioration. The ATX, Austria's flagship equity benchmark, was navigating the post-boom environment of the early 1990s, where markets oftenoscillated between hope and caution without clear directional conviction. For decision trainees, this scenario tests the ability to distinguish between momentum and mean-reversion when the headline trend appears constructive.
The numbers reveal a market that wandered aimlessly before settling lower. The index drifted from 1067.63 to close at 1049.95, a net decline of -1.7% over the full data span. Yet within that modest headline loss lay a more turbulent interior: a maximum drawdown of 9.0% tested anyone holding positions through the period's weakest stretch, while the largest single session swing of 3.6% underscored that volatility could arrive without warning. The replay unfolds across 11 decision points, four of them critical junctions where directional conviction mattered most. The period bounded by June 22 to September 1 captures the core tension between apparent strength and structural weakness.
This replay is a textbook case in process over prediction. The challenge was not identifying a dramatic crash but recognizing that apparent uptrends can conceal distribution-heavy, range-bound behavior that erodes capital through repeated small losses. Trainees must practice sizing positions for a 9.0% drawdown environment, treating each 3.6% swing as a signal to reassess conviction rather than panic. The psychology lesson is equally clear: patience with a thesis requires constant validation against price action, not mere hope that the trend will return.
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