Crash · DAX Index (2001)
Replay the DAX from May to November 2001, a brutal stretch that erased 15.7% from the index. You make the calls at 25 decision points and receive an AI coach review after each simulated trading day.
144 daily bars · 25 decision points · 2001-05 to 2001-11 · Stocks
Key facts
This window spans 201 days with a peak-to-trough drawdown of 39.7% and a 36.9% run-up.
- Max drawdown
- −39.7%
- Max run-up
- +36.9%
- Duration
- 201 days
- Largest single-day move
- −8.5%
- Bars
- 144 Daily bars
- Decision points
- 25
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 German equity market in the spring of 2001 faced a landscape of uncertainty as the dot-com fallout continued reshaping global portfolios. The DAX, Germany's premier blue-chip index, encapsulated the struggles of European business as economic data softened and corporate earnings disappointed. This period from May to November represented a crucial test for investors navigating an environment where established certainties were eroding. The scenario offers 25 decision points across 144 trading days, challenging participants to respond to evolving conditions without the benefit of hindsight.
The numbers tell the story of a brutal stretch: the index fell from 6063.94 to 5114.12, a decline of 15.7%. Yet this headline figure understates the turmoil beneath the surface. The maximum drawdown reached 39.7%, meaning anyone holding through the worst stretches faced losses far exceeding the final tally. The largest single-bar move of 8.5% captures moments when sentiment shifted violently, testing the resolve of any position holder. From 2001-05-09 through 2001-11-26, the market delivered punishment not as a steady erosion but as episodic violence.
For decision training, this scenario excels at exposing flawed instincts. The drawdown magnitude challenges the tendency to average down blindly, while the single-day spikes test whether a trader has pre-defined exit levels or reacts emotionally. Nine critical decision points are embedded within the 25 opportunities, forcing participants to distinguish between routine choices and moments where outcomes diverge sharply. The lesson is not about calling the top or bottom but about maintaining disciplined process when the market offers no comfort.