BEL 20 Downtrend Replay (2001-07-19 to 2001-09-21)
Replay the BEL 20's brutal 21.7% maximum drawdown across 94 daily bars from June to October 2001. Step into 11 decision points, navigate four critical moments, and receive an AI coach review of your choices in a fully simulated educational environment.
94 daily bars · 11 decision points · 2001-06 to 2001-10 · Stocks
Key facts
This window spans 131 days with a peak-to-trough drawdown of 21.7% and a 17.2% run-up.
- Max drawdown
- −21.7%
- Max run-up
- +17.2%
- Duration
- 131 days
- Largest single-day move
- −5.5%
- Bars
- 94 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 benchmark index faced a severe test in the summer and autumn of 2001. As the post-dotcom correction rippled across European markets, the BEL 20 entered a prolonged phase of sustained downward pressure. Investors navigating this period confronted a market environment where sentiment was deteriorating rapidly and the direction of least resistance was firmly lower.
The replay captures 94 daily bars spanning June 15 to October 24, 2001, during which the index fell from 2805.96 to 2643.38—a decline of 5.8%. What makes this period particularly instructive is the maximum drawdown of 21.7%, revealing how intermediate gains and losses masked the true severity of the underlying trend. The largest single-bar move of 5.5% demonstrates the kind of sharp intraday volatility that can test any trader's discipline and risk management framework.
This scenario offers a rich training ground for developing decision-making under uncertainty. Across 11 decision points, including four critical junctures, participants must grapple with questions of position sizing, stop-loss discipline, and the psychological challenge of acting when momentum is clearly bearish. The gap between headline percentage loss and actual drawdown experienced in real time underscores why process matters more than outcome in market education.