Iron Ore Historical Replay: 2023-04 to 2023-07
Replay 62 daily bars of the 2023 iron ore crisis spanning April through July, with a 14.7% max drawdown and 11 decision points testing your judgment. Step into each trading day, respond to critical decision points, and receive an AI coach review of your simulated choices.
62 daily bars · 11 decision points · 2023-04 to 2023-07 · Commodities
Key facts
This window spans 94 days with a peak-to-trough drawdown of 14.7% and a 22.0% run-up.
- Max drawdown
- −14.7%
- Max run-up
- +22.0%
- Duration
- 94 days
- Largest single-day move
- +4.5%
- Bars
- 62 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 iron ore market entered a turbulent phase in early 2023, with ferrous commodities facing mounting pressures across global supply chains. Between April and July, traders and risk managers confronted a crisis environment where demand signals clashed with macroeconomic uncertainty. The 62 daily bars spanning this period would test anyone's ability to read evolving conditions and respond to shifting market dynamics. Participants needed to navigate conflicting information while managing exposure in a notoriously volatile segment of the commodities space.
The data reveals a market that returned precisely to where it started: the closing price of 795.5 on 2023-04-07 matched the closing price of 795.5 on 2023-07-10, producing a net zero return over the full 62-day window. Yet this headline figure conceals considerable turbulence beneath the surface. The maximum drawdown reached 14.7%, meaning any unhedged position entering the period would have faced substantial interim losses. The largest single trading day move of 4.5% demonstrates how quickly sentiment could swing, creating sharp intraday volatility that punished delayed reactions and rewarded decisive risk management.
This replay offers a valuable laboratory for examining decision-making under uncertainty. With 11 decision points embedded throughout the period, including 4 critical junctures, participants must practice calibrating position sizing, managing drawdown risk, and maintaining discipline when markets move against them. The flat overall return underscores a fundamental truth: in volatile markets, process matters more than outcome. Learning to navigate 4.5% single-day swings without abandoning sound risk principles distinguishes skilled practitioners from those who simply got lucky or unlucky with timing.