Policy · KOSPI Index (1998)
Replay 144 daily bars across the KOSPI's 111.4% rebound from 326.34 to 689.8 amid 1998–1999 policy aftershocks. Step through each session, confront 25 decision points, and receive an AI coach review of your simulated choices.
144 daily bars · 25 decision points · 1998-09 to 1999-04 · Stocks
Key facts
This window spans 217 days with a peak-to-trough drawdown of 22.2% and a 136.3% run-up.
- Max drawdown
- −22.2%
- Max run-up
- +136.3%
- Duration
- 217 days
- Largest single-day move
- +10.3%
- Bars
- 144 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 Korean stock market in the autumn of 1998 was a battlefield between economic devastation and tentative recovery. Having collapsed during the Asian financial crisis, the KOSPI Index traded around 326.34 as the country navigated IMF austerity programs and banking sector restructuring. Every trading session carried the weight of policy announcements, interest rate decisions, and corporate restructuring news that could swing prices sharply. For market participants, the challenge was not simply reading charts but interpreting the fog of post-crisis policy uncertainty while managing positions in a market prone to violent reversals.
What unfolded over the next seven months was a remarkable 111.4% rebound, with the KOSPI climbing to 689.8 by April 1999. Yet this ascent was far from linear. The 22.2% maximum drawdown tested conviction, while the 10.3% largest single-bar move reminded traders that momentum could reverse violently within a single session. Across 144 daily bars, participants faced 25 decision points—9 of them critical junctures where positioning and risk management determined whether gains were captured or surrendered. The market offered no smooth glide path; it demanded continuous reassessment.
This replay trains participants to confront several fundamental challenges. First, it forces disciplined risk management under conditions where volatility remains elevated even as prices trend upward. Second, it tests the psychological discipline required to hold positions through drawdowns without abandoning well-reasoned theses. Third, it develops the process-oriented mindset needed to evaluate each decision independently rather than anchoring to entry prices or recent performance. The scenario's value lies not in predicting the outcome but in building the decision-making framework that makes such outcomes achievable.
Featured in the archive