Shanghai, China Historical Replay: 2017-12 to 2020-05
Replay 30 monthly bars of a Shanghai property cycle from December 2017 to May 2020, closing up just 4.7%. Step through each authentic decision point and receive guided analysis. Practice navigating a low-volatility city-bubble phase with simulated capital and an AI coach review.
30 monthly bars · 6 decision points · 2017-12 to 2020-05 · Property
Key facts
Peak-to-trough drawdown of 0.8% with a 5.5% run-up.
- Max drawdown
- −0.8%
- Max run-up
- +5.5%
- Largest single-month move
- +0.8%
- Bars
- 30 Monthly bars
- Decision points
- 6
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 scenario immerses participants in Shanghai's property market during a subtle yet significant phase - the late-stage of the 2010s bubble cycle running from December 2017 to May 2020. This 30-month window captures a market that had already experienced dramatic gains but now faced uncertainty around policy tightening, debt concerns, and shifting buyer sentiment. Participants must navigate a market where conventional wisdom met unexpected stability, and where patience was tested by minimal short-term movements.
What unfolds is remarkably restrained by property market standards. Prices moved from 185.39 to 194.08, a modest 4.7% appreciation over the entire period. The max drawdown remained a thin 0.8%, with the largest single monthly surge also capping at 0.8%. Across six decision points - two deemed critical - the market offered limited dramatic entry or exit opportunities. This was a sideways grinding market where traditional momentum signals produced false comfort.
This replay teaches that not all bubbles burst loudly; some deflate gradually. Participants practice managing positions in low-volatility environments where patience becomes both virtue and challenge. The scenario hones risk calibration - when drawdowns are minimal, the temptation to over-lever or chase small moves grows. Psychologically, it confronts traders with the discomfort of missed dramatic moves elsewhere while holding a position that simply meanders. The lesson: discipline in quiet markets often determines long-term outcomes more than reactions to volatility.