Default · DAX Index (2007)
Replay the DAX across 150 daily bars as subprime defaults spread, watching the index climb from 7415.33 to 7940.58. Make your calls at 26 decision points and let the AI coach review your simulated trades.
150 daily bars · 26 decision points · 2007-05 to 2007-12 · Stocks
Key facts
This window spans 210 days with a peak-to-trough drawdown of 10.3% and a 10.6% run-up.
- Max drawdown
- −10.3%
- Max run-up
- +10.6%
- Duration
- 210 days
- Largest single-day move
- +2.6%
- Bars
- 150 Daily bars
- Decision points
- 26
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 scene opens on a market that seemed oblivious to gathering clouds. The DAX Index traded across the summer and autumn of 2007, a period when subprime mortgage defaults were beginning to cascade through the American financial system. Investors were navigating an environment where credit conditions were tightening, confidence was fragile, and the full magnitude of the emerging crisis remained unclear. The index had risen from 7415.33 at the start of the replay window, and participants faced the challenge of positioning themselves as the situation evolved day by day across 150 trading bars.
The period ultimately rewarded patience, with the DAX climbing to 7940.58 by early December, translating to a net gain of 7.1%. However, this serene headline figure concealed significant turbulence beneath the surface. The maximum drawdown of 10.3% and the largest single-day move of 2.6% revealed that anyone holding positions through this span would have weathered meaningful intraday and multi-day swings. The gap between the final close and the journey's volatility underscores how a seemingly straightforward directional bet carried substantial interim risk.
This replay sharpens several decision-making muscles. First, it demonstrates how volatility itself becomes information—drawdowns and sharp reversals test conviction and force disciplined position sizing. Second, it illustrates that missing a few critical bars can dramatically alter outcomes when the market's rhythm is volatile. Third, it exposes the psychological temptation to exit after a drawdown only to miss the eventual recovery. Trainees must practice maintaining process discipline when the path between entry and outcome is obscured by noise.