Inflation · Jakarta Composite Index (1998)
Inflation hammers the Jakarta Composite Index across 146 trading days from 1997-11-04 to 1998-06-12, delivering a 31.4% peak drawdown. Replay the crisis bar by bar, tackle 25 decision points, and receive an AI coach review on your simulated choices.
146 daily bars · 25 decision points · 1997-11 to 1998-06 · Stocks
Key facts
This window spans 220 days with a peak-to-trough drawdown of 31.4% and a 63.2% run-up.
- Max drawdown
- −31.4%
- Max run-up
- +63.2%
- Duration
- 220 days
- Largest single-day move
- +14.0%
- Bars
- 146 Daily bars
- Decision points
- 25
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 Jakarta Composite Index entered November 1997 at a moment of acute financial distress across Southeast Asia. Hyperinflation pressures, a collapsing currency, and the spillover from the Thai baht devaluation had destabilized Indonesian markets. Investors faced a deteriorating macroeconomic landscape where policy responses were reactive and confidence was eroding rapidly. The period from 1997-11-04 to 1998-06-12 would test every participant's ability to navigate an extended bear market with limited visibility.
Across 146 trading days, the index fell from 494.85 to 408.37, a decline of 17.5%. The journey was far more brutal than the headline number suggests—a maximum drawdown of 31.4% tested portfolio endurance, while the largest single-bar move of 14.0% revealed sudden liquidity evaporations that could devastate position sizing. Participants encountered 25 decision points, 9 of which were critical junctures demanding precise risk calibration under extreme uncertainty.
This replay hones the ability to manage positions when fundamentals are deteriorating and volatility is elevated. Traders must practice disciplined drawdown limits, avoid anchoring to entry prices, and recognize that crisis environments produce outsized single-session moves that can trigger cascade selling. The psychological dimension—staying objective when headlines are catastrophic—is as important as any technical signal. Mastering these lessons prepares decision-makers for similar conditions in future market dislocations.