Iron Ore Historical Replay: 2022-11 to 2023-05
Replay 118 daily bars of iron ore from November 2022 to May 2023, watching price climb just 0.3% from 745.5 to 747.5 across brutal swings. Step through 21 decision points day-by-day in this simulated, educational market replay and receive an AI coach review after each move.
118 daily bars · 21 decision points · 2022-11 to 2023-05 · Commodities
Key facts
This window spans 177 days with a peak-to-trough drawdown of 25.0% and a 28.1% run-up.
- Max drawdown
- −25.0%
- Max run-up
- +28.1%
- Duration
- 177 days
- Largest single-day move
- −10.0%
- Bars
- 118 Daily bars
- Decision points
- 21
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 iron ore market during late 2022 and early 2023 presented traders with one of the most treacherous environments imaginable: a market going essentially nowhere while inflicting severe psychological damage. From November 21, 2022, through May 17, 2023, iron ore prices climbed a mere 0.3%, closing at 747.5 after starting at 745.5. Yet this flat nominal performance concealed a brutal internal storm—a maximum drawdown of 25.0% tested every trader's conviction, while the largest single trading session delivered a 10.0% swing. Across 118 daily bars, participants navigated 21 decision points, with 7 designated as critical junctures where directional conviction mattered most.
The primary lesson centers on understanding that horizontal price movement does not equal low risk—it represents a different category of danger altogether. Traditional momentum strategies proved nearly useless in this environment, as trends repeatedly failed and false breakouts abounded. Position management became the difference between survival and blowout, while those relying on directional bias alone likely experienced significant account strain. The largest single-bar move of 10.0% served as a constant reminder that volatility operates independently of price direction.
Psychological resilience emerged as the decisive skill in this replay. Maintaining discipline through a 25.0% drawdown while the market delivers no directional reward strains even experienced traders. The scenario teaches that flat markets with high volatility demand a fundamentally different approach—one focused on process over outcome, strict position sizing over conviction, and emotional equilibrium over reactive adjustment. Those who completed this replay with their methodology intact learned a lesson that no bull market ever could.