BEL 20 Downtrend Replay (2020-08-12 to 2020-09-25)
Replay the BEL 20 downtrend of summer 2020, where the index slid -7.5% from 3526.91 to 3262.3. Step through 66 daily bars and 11 decision points in this educational simulator and receive an AI coach review of your choices.
66 daily bars · 11 decision points · 2020-07 to 2020-10 · Stocks
Key facts
This window spans 91 days with a peak-to-trough drawdown of 11.0% and a 7.1% run-up.
- Max drawdown
- −11.0%
- Max run-up
- +7.1%
- Duration
- 91 days
- Largest single-day move
- −4.2%
- Bars
- 66 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 entered the late summer of 2020 facing an uncertain macro backdrop as global markets digested pandemic recovery signals and shifting sentiment. The BEL 20, tracking 20 of Belgium's largest listed companies, had staged a notable recovery from the spring selloff but now confronted the test of sustaining momentum. This period would challenge investors to navigate a sustained pullback while managing exposure across volatile sessions.
From August 12 through September 25, 2020, the index declined from 3526.91 to 3262.3, a pullback of -7.5%. The journey proved more turbulent than the headline figure suggests, with maximum drawdown reaching 11.0% and the largest single session move touching 4.2%. Across 66 daily bars, traders and investors confronted 11 decision points, four of which the scenario designates as critical junctures where positioning choices carried heightened consequence. Each bar represented a moment where conviction, discipline, or hesitation could shift outcomes.
The scenario distills key lessons in process and psychology during corrections. Navigating a -7.5% decline demands a systematic approach: sizing positions before volatility strikes, establishing clear thresholds for adding or reducing exposure, and maintaining emotional equilibrium when drawdowns approach double digits. The 11.0% peak retracement tests whether participants can distinguish temporary weakness from structural breakdown. By stepping through decision points in this historical context, learners practice calibrating risk tolerance, refining entry and exit discipline, and building the resilience needed to act from analysis rather than react to fear. Correction phases like this one serve as rigorous laboratories for sharpening the habits that define disciplined investors.