BEL 20 Downtrend Replay (2008-11-04 to 2008-11-21)
Replay the BEL 20 from October 22 to December 2, 2008, capturing a 20.1% peak drawdown across 30 daily bars. Walk through each session, navigate 7 decision points with AI coach feedback, and learn from simulated capital only.
30 daily bars · 7 decision points · 2008-10 to 2008-12 · Stocks
Key facts
This window spans 41 days with a peak-to-trough drawdown of 20.1% and a 20.5% run-up.
- Max drawdown
- −20.1%
- Max run-up
- +20.5%
- Duration
- 41 days
- Largest single-day move
- +6.6%
- Bars
- 30 Daily bars
- Decision points
- 7
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 late October 2008 in the midst of a global financial storm. The BEL 20 index, representing Belgium's largest listed companies, was not immune to the contagion spreading from banking failures and credit market seizures worldwide. Participants entering this replay step into a market where the normal rules of valuation faced a severe test, and where each trading session could bring new surprises. The stakes were clear: preserve capital while others panicked, or risk being caught in a cascade of forced selling.
Over 30 daily bars from October 22 to December 2, the index fell from 1968.63 to 1814.15, a decline of 7.8%. That headline figure understates the true stress: maximum drawdown reached 20.1%, and the largest single session move was 6.6%. Navigating these waters required facing 7 decision points, with 3 critical junctures where positioning choices carried amplified consequences. Every entry, exit, and size adjustment played out against a backdrop of accelerating losses and brief, deceptive rallies.
This replay strips away the comfort of hindsight to expose what actually matters in a crisis: process over prediction. The gap between closing loss and peak drawdown illustrates why drawdown awareness matters more than daily percentage moves. Participants learn that volatility itself is a risk factor, and that decision quality must be evaluated across complete market cycles rather than isolated sessions. The psychological dimension is equally central: distinguishing between information-driven adjustments and fear-driven capitulation separates disciplined practitioners from reactive ones. Simulated capital only trains the mind; real emotional discipline develops only when consequences feel genuine.