S&P/BMV IPC Downtrend Replay (1998-07-17 to 1998-08-31)
Replay the 1998 S&P/BMV IPC collapse across 64 daily bars where the index plunged 38.9% from peak. Step through 11 decision points, including 4 critical moments, and receive AI coach feedback on simulated trades.
64 daily bars · 11 decision points · 1998-06 to 1998-09 · Stocks
Key facts
This window spans 91 days with a peak-to-trough drawdown of 38.9% and a 36.6% run-up.
- Max drawdown
- −38.9%
- Max run-up
- +36.6%
- Duration
- 91 days
- Largest single-day move
- +12.9%
- 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 S&P/BMV IPC, Mexico's benchmark stock index, entered a period of acute stress in the summer of 1998. This replay spans 64 daily bars from June 24 to September 23, 1998, placing traders inside the pressure cooker of an emerging-market collapse that tested even seasoned professionals. The scenario captures the full arc of the downturn, from the first signs of trouble through the most violent phase of selling, offering a rare chance to inhabit that historical moment with full market data. For participants, the question was not whether to act, but how to act without being overwhelmed by fear.
The closing price fell from 4378.26 to 3902.19, a nominal -10.9% decline, but that figure conceals the true severity of the episode. The peak-to-trough drawdown reached 38.9%, while the largest single-bar move hit 12.9%, reflecting days of panic-driven selling that pushed the market well beyond what any reasonable forecast would have predicted. These numbers do not merely describe a bad quarter; they capture the texture of a crash, with moments where rational analysis yielded to pure market dynamics. Eleven decision points are embedded across the 64-bar dataset, four of them critical junctures where a wrong turn could have compounded losses.
This replay is ultimately a study in process over prediction. No one could have known the exact depth or duration of the decline, but disciplined position sizing, clear stop-loss logic, and emotional neutrality could have preserved capital through the worst days. The scenario trains participants to recognize the psychological trap of recency bias, where recent losses tempt abandoning sound risk rules. By navigating 11 decision points under simulated pressure, traders develop the muscle memory to manage drawdown risk and maintain composure when the market is screaming sell at every tick.
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