BEL 20 Downtrend Replay (2020-02-17 to 2020-03-17)
Replay 44 daily bars of the BEL 20 as it plunged 26.1% from 3,927.86 to 2,901.58. Walk through 8 decision points, face 3 critical moments, and receive an AI coach review of your simulated choices.
44 daily bars · 8 decision points · 2020-01 to 2020-03 · Stocks
Key facts
This window spans 61 days with a peak-to-trough drawdown of 39.8% and a 18.8% run-up.
- Max drawdown
- −39.8%
- Max run-up
- +18.8%
- Duration
- 61 days
- Largest single-day move
- −14.2%
- Bars
- 44 Daily bars
- Decision points
- 8
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 BEL 20, Belgium's benchmark stock index, faced a critical test during the early 2020 period. The market had been riding on years of steady gains, and investors were navigating a landscape complicated by emerging global health concerns. This replay scenario covers the intense 44 trading days from January 30 to March 31, 2020, placing participants right at the onset of one of the decade's most turbulent market environments. The stakes were high: every decision carried the weight of protecting capital in conditions that would soon challenge even the most seasoned approaches.
The numbers tell a stark story. Starting from 3,927.86, the index closed at 2,901.58—a decline of 26.1%. What makes this period particularly instructive is the journey: the maximum drawdown reached 39.8%, meaning peak-to-trough losses were even steeper than the final settlement. A single day's move could swing as much as 14.2%, creating an environment where volatility was the defining characteristic rather than an exception. Eight decision points were embedded throughout this period, with three deemed critical moments where the difference between adaptive and rigid strategies would become apparent.
This replay is a laboratory for stress-testing decision processes. The 39.8% drawdown forces participants to confront whether their risk frameworks account for tail events that feel unlikely until they are not. The 14.2% single-bar swings demand both position discipline and psychological resilience—reacting emotionally in such swings can be more damaging than the move itself. Across the eight decision points, the three critical junctures particularly reveal whether participants can separate signal from noise, act decisively when needed, and avoid paralysis when uncertainty peaks. The core lesson: survival through a crash depends less on predicting direction and more on maintaining process discipline when outcomes feel overwhelming.