Crisis · Jakarta Composite Index (1997)
The 1997 Asian crisis saw Indonesia's Jakarta Composite Index plunge 23.5% from 641.62 to 490.99 in seven months. Replay each authentic trading day, navigate 26 decision points, and receive an AI coach review, simulated capital only.
150 daily bars · 26 decision points · 1997-04 to 1997-11 · Stocks
Key facts
This window spans 216 days with a peak-to-trough drawdown of 39.5% and a 25.3% run-up.
- Max drawdown
- −39.5%
- Max run-up
- +25.3%
- Duration
- 216 days
- Largest single-day move
- +11.3%
- 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
Between April and November 1997, Indonesia's Jakarta Composite Index became a stress test for anyone who believed emerging markets could be navigated on autopilot. The Thai baht had just collapsed, and the question on every trader's desk was straightforward yet unsettling: would the infection stay contained, or would Jakarta be the next capital to crack? Capital was at stake in the most literal sense, as foreign portfolio money had poured into Indonesian equities for years on the assumption that the rupiah peg and reformist politics made the country a safe harbor. When that assumption began to wobble, every basis point of the yield curve and every rumor from Bank Indonesia suddenly mattered.
Over 150 daily bars the index slid from 641.62 to 490.99, a decline of 23.5%, but the headline figure understates the experience. The maximum drawdown reached 39.5%, meaning an investor who bought near the spring high and refused to reduce exposure faced a paper loss approaching forty cents on the dollar. A single session produced an 11.3% move, the kind of jump that forces decisions in minutes rather than hours. The replay condenses that volatility into 26 decision points, nine of them flagged as critical, so the trainee must decide when to cut, when to hedge, and when to simply stay still while the news flow deteriorates around the position.
What this scenario teaches is that crises are not defined by their endpoints but by the quality of choices made between them. Position sizing, drawdown tolerance, and the courage to act on deteriorating liquidity matter far more than predicting the exact bottom. The strongest lessons are psychological: the impulse to buy the initial 5% dip, the temptation to wait for confirmation before reducing risk, and the bias toward anchoring on the spring highs. Replayed day by day, with simulated capital, the series exposes how small process failures compound into the 39.5% drawdown, and why disciplined decision architecture is the only edge a trader truly controls.
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