Copper Historical Replay: 2020-11 to 2021-05
Copper rallied 47.2% across 122 daily bars from November 2020 to May 2021 during the reflation trade. Replay the historic session-by-session, face 7 critical decision points, and receive an AI coach review using simulated capital.
122 daily bars · 21 decision points · 2020-11 to 2021-05 · Commodities
Key facts
This window spans 177 days with a peak-to-trough drawdown of 7.4% and a 49.4% run-up.
- Max drawdown
- −7.4%
- Max run-up
- +49.4%
- Duration
- 177 days
- Largest single-day move
- +6.5%
- Bars
- 122 Daily bars
- Decision points
- 21
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
Copper entered November 2020 at a pivotal juncture. The global economy was emerging from pandemic lockdowns, and financial markets were beginning to price a coordinated reflation trade—the belief that massive fiscal and monetary stimulus would ignite demand across raw materials. Copper, often called Dr. Copper for its perceived ability to sense economic health, became the emblematic battleground for this trade. Participants faced a fundamental question: would industrial demand recover sharply enough to justify allocating capital to base metals, or would deflationary pressures persist and crush the rally before it gained traction?
The numbers tell a compelling story. Across 122 daily bars from 2020-11-17 to 2021-05-13, copper surged from 3.2 to 4.71, a gain of 47.2%. Yet the journey was far from linear. The market endured a maximum drawdown of 7.4% and witnessed its largest single-bar move of 6.5%, reminding participants that momentum does not travel in straight lines. Navigating 21 decision points—including 7 critical junctures where directional bias had to be reconfirmed—demanded both conviction and discipline.
This replay distills enduring lessons in process over prediction. The 7.4% drawdown tests whether a trader can hold a thesis through temporary adverse movement. The 6.5% single-session spike reveals how volatility can shake position sizing convictions. Twenty-one decision points mean twenty-one moments to practice aligning conviction with risk management. Success here is not measured by capturing the full 47.2%, but by building a repeatable framework for acting under uncertainty in commodity markets.