Bubble · DAX Index (2023)
Replay 150 daily bars of DAX history from August 2023 to March 2024, when the index climbed 16.9% amid AI-driven valuation euphoria. Step through 26 decision points, with 9 marked critical, and receive an AI coach review of every simulated choice.
150 daily bars · 26 decision points · 2023-08 to 2024-03 · Stocks
Key facts
This window spans 214 days with a peak-to-trough drawdown of 7.9% and a 24.3% run-up.
- Max drawdown
- −7.9%
- Max run-up
- +24.3%
- Duration
- 214 days
- Largest single-day move
- +2.0%
- 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 replay spans 2023-08-24 to 2024-03-25, encompassing 150 daily bars of DAX trading. This period placed traders inside the German blue-chip market as AI-driven valuation narratives swept through global equity markets. The central challenge: navigating an environment where speculative enthusiasm surrounding artificial intelligence was reshaping sector valuations and pushing indices to new heights. Participants had to decide how to position themselves within this momentum-driven surge while remaining vigilant to the inherent fragility of narrative-led rallies.
The index advanced from 15621.49 to 18261.31, delivering a 16.9% return over the seven-month window. This ascent was neither smooth nor linear. The maximum drawdown of 7.9% tested the conviction of trend-following participants, while the largest single-bar move of 2.0% demonstrated that sudden reversals could materialize without warning. Navigating these fluctuations required participants to distinguish between sustainable momentum and speculative excess.
The scenario's 26 decision points—9 designated as critical—force traders to confront the tension between chasing performance and protecting capital. Participants learn that narrative-driven markets reward early positioning but punish late entry and emotional discipline failures. The largest single-day move serves as a reminder that volatility can strike at any moment, making position sizing and risk limits essential. By experiencing these dynamics in simulation, traders develop more robust frameworks for evaluating momentum trades and managing psychological biases that surface during extended rallies.