Iron Ore Historical Replay: 2023-02 to 2023-05
Replay the iron ore slide from 853.5 to 724 over 64 daily bars, with drawdowns reaching 24.9%. Step through each authentic trading day, face 11 decision points including 4 critical moments, and receive an AI coach review, simulated capital only.
64 daily bars · 11 decision points · 2023-02 to 2023-05 · Commodities
Key facts
This window spans 93 days with a peak-to-trough drawdown of 24.9% and a 10.5% run-up.
- Max drawdown
- −24.9%
- Max run-up
- +10.5%
- Duration
- 93 days
- Largest single-day move
- −10.0%
- Bars
- 64 Daily bars
- Decision points
- 11
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 immerses traders in the ferrous commodities market during the 2020s, focusing on iron ore futures between early February and mid-May 2023. This was a period marked by global economic uncertainty, banking sector stresses including SVB and Credit Suisse crises, and shifting demand expectations for steel-making inputs. Participants entering this scenario faced the challenge of navigating a sustained downtrend while managing positions through heightened market volatility and a series of critical inflection points. The historical context is essential: no one knew at the time where prices would ultimately settle.
Over 64 daily trading bars, iron ore prices declined from 853.5 to 724, representing a total move of -15.2%. The market experienced a maximum drawdown of 24.9%, and traders encountered the largest single-bar move of 10.0%. Throughout this turbulent period, participants faced 11 decision points, with 4 designated as critical moments requiring careful risk assessment and position management. The journey from peak to trough was neither smooth nor predictable, creating an authentic test of trading discipline.
This scenario teaches the critical importance of process over prediction in volatile markets. The 4 critical decision points highlight how entry timing, position sizing, and exit discipline interact during sustained drawdowns. Traders learn to manage risk psychology, recognizing that large single-bar moves of 10.0% test emotional composure just as much as analytical skill. By replaying authentic historical periods without hindsight knowledge, participants develop frameworks for decision-making under uncertainty that apply far beyond this specific commodity and timeframe.
Featured in the archive