Policy · DAX Index (2011)
Replay 144 turbulent DAX daily bars from August 2011 to March 2012 and confront a 15.4% drawdown. Walk through 25 decision points across the European debt crisis for an AI-coached, simulated market-replay training experience.
144 daily bars · 25 decision points · 2011-08 to 2012-03 · Stocks
Key facts
This window spans 203 days with a peak-to-trough drawdown of 15.4% and a 37.0% run-up.
- Max drawdown
- −15.4%
- Max run-up
- +37.0%
- Duration
- 203 days
- Largest single-day move
- −5.8%
- 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 DAX, Germany's premier equity index, entered August 2011 trapped in the crossfire of the European sovereign debt crisis. Policymakers at the European Central Bank were contemplating unprecedented measures to prevent a financial collapse that threatened the existence of the euro itself. For traders and risk managers, the stakes extended far beyond individual positions — they included the structural integrity of European capital markets and the credibility of central bank institutions. This was a stress test of systemic proportions, unfolding across the final months of 2011 and into the spring of 2012.
The dataset captures 144 daily bars from 2011-08-16 to 2012-03-06, during which the DAX moved from 5994.9 to 6633.11, delivering a net gain of 10.6%. That benign headline figure conceals a far rougher journey: the index endured a maximum drawdown of 15.4% and a largest single-bar move of 5.8%, reflecting the volatile swings that accompany genuine systemic uncertainty. Investors who attempted to time the bottom or react to headline news faced repeated whipsaws.
This replay challenges participants across 25 decision points, 9 of which are flagged as critical. The curriculum centers not on predicting central bank announcements but on managing exposure when certainty is absent and volatility is elevated. Trainees must practice position sizing under drawdown pressure, resist the pull of recency bias, and rehearse the discipline of adhering to process when headlines scream crisis. The lesson is clear: survival in turbulent markets depends less on foresight than on robust risk management and psychological resilience.