Default · DAX Index (2008)
Replay 144 brutal trading days from June to December 2008 as the DAX plunged 32.1% to 4756.4. Walk through 25 decision points across history's storm and let the AI coach review your simulated choices.
144 daily bars · 25 decision points · 2008-06 to 2008-12 · Stocks
Key facts
This window spans 199 days with a peak-to-trough drawdown of 41.2% and a 22.9% run-up.
- Max drawdown
- −41.2%
- Max run-up
- +22.9%
- Duration
- 199 days
- Largest single-day move
- +11.4%
- 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
In the summer of 2008, the DAX Index stood at 7008.77, masking a financial system about to unravel. The Lehman Brothers collapse later that year triggered a cascade of counterparty failures and credit freezes that swept across global markets. For European equities, the stakes were nothing less than the preservation of capital across pension funds, institutions, and retail investors who had built positions during years of relative stability.
Over the next 144 trading days ending December 18, 2008, the DAX crashed -32.1% to 4756.4. The journey was far from linear: a max drawdown of 41.2% tested even the most defensive positioning, while a single session delivered an 11.4% move that would have stopped out most conventional risk controls. Navigating this required surviving 25 decision points, of which 9 were deemed critical. The decade of the 2000s had produced no equivalent training ground for crisis management.
This replay isolates decision quality from outcome luck. Participants face the same information gaps, liquidity constraints, and emotional turbulence that defined 2008, without the benefit of hindsight. The lesson is not that one should have sold everything in June, but that disciplined risk sizing, clear exit criteria, and psychological resilience separate those who survived from those who crystallized permanent losses. The DAX's 2008 collapse remains the definitive case study for understanding how systemic shocks propagate, compress time horizons, and punish the absence of process.
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