BEL 20 Uptrend Replay (1995-10-23 to 1996-02-01)
Replay Belgium's BEL 20 from September 1995 through March 1996, capturing a 14.9% climb from 1463.9 to 1682 across 140 daily bars. Walk through 11 decision points, including 4 critical ones, with an AI coach reviewing each simulated choice for educational insight.
140 daily bars · 11 decision points · 1995-09 to 1996-03 · Stocks
Key facts
This window spans 201 days with a peak-to-trough drawdown of 6.9% and a 24.6% run-up.
- Max drawdown
- −6.9%
- Max run-up
- +24.6%
- Duration
- 201 days
- Largest single-day move
- −3.1%
- Bars
- 140 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 Belgian equity market entered the final quarter of 1995 with cautious optimism. The BEL 20, Belgium's flagship stock index, began the replay window on September 1, 1995, poised amid the mid-decade recovery that characterized many European markets during the 1990s. For market participants navigating this period, the challenge was distinguishing sustainable momentum from short-term noise—a tension that would define the coming months.
What unfolded was a sustained ascent: the index climbed from 1463.9 to 1682, delivering a 14.9% return over 140 daily bars. Yet this trajectory was not a straight line. A maximum drawdown of 6.9% tested conviction, while the largest single-bar move of 3.1% underscored that volatility remained embedded in the uptrend. Across this span, traders faced 11 decision points, with 4 designated as critical junctures where directional bets carried heightened consequence.
This replay distills several enduring lessons. First, trend-following requires discipline: the 6.9% pullback could have shaken weak hands, but managing risk during retracements separates disciplined execution from reactive selling. Second, position sizing matters when volatility spikes—recognizing that a 3.1% single-day swing demands appropriate exposure. Third, critical decision points serve as forcing functions: they demand explicit thesis articulation before commitment, reducing impulsive judgment. The 1990s Belgian market offers a microcosm of broader equity dynamics: gradual appreciation punctuated by uncertainty, rewarding those who balance conviction with prudent risk management.
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