ATX Downtrend Replay (2020-08-12 to 2020-09-25)
Replay Austria's ATX correction from July through October 2020, when the index fell 5.1% across 66 daily sessions. Step through the bars day by day, face 11 decision points, and receive an AI coach review on your simulated choices.
66 daily bars · 11 decision points · 2020-07 to 2020-10 · Stocks
Key facts
This window spans 91 days with a peak-to-trough drawdown of 10.9% and a 7.7% run-up.
- Max drawdown
- −10.9%
- Max run-up
- +7.7%
- Duration
- 91 days
- Largest single-day move
- −3.7%
- Bars
- 66 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
The Austrian Traded Index (ATX) serves as the primary benchmark for Vienna's equity market, representing the performance of the 20 largest and most liquid stocks listed on the Wiener Börse. From July 20 to October 19, 2020, the index entered a correction phase that unfolded across 66 daily trading sessions. During this period, European markets were adjusting to the uneven economic recovery following the initial COVID-19 shock, with investor sentiment oscillating between optimism about reopening progress and concerns about second-wave risks.
The closing price declined from 2311.6 to 2193.15, translating to a net loss of 5.1% over the full data span. However, the maximum drawdown of 10.9% reveals that the index experienced significantly deeper interim losses before partially recovering. The largest single-bar move of 3.7% underscores moments when sentiment shifted abruptly, creating both challenges and opportunities for active position management. These figures illustrate how a moderate-looking total decline can mask more turbulent intermediate swings.
This replay presents 11 decision points, of which 4 are marked as critical, allowing participants to practice responses to evolving market conditions during a downtrend. Learners can experiment with adjusting exposure, setting protective stops, and managing psychological responses to paper losses. The scenario's value lies in reinforcing disciplined risk management processes rather than forecasting market direction, making it suitable for developing judgment under uncertainty.