War · NASDAQ Composite Index (1991)
Replay the NASDAQ Composite across 144 trading days from September 1990 through April 1991, as oil shocks and a 14.7% drawdown reshaped sentiment. Make decisions at 9 critical turning points, then receive an AI coach review of your simulated choices.
144 daily bars · 25 decision points · 1990-09 to 1991-04 · Stocks
Key facts
This window spans 208 days with a peak-to-trough drawdown of 14.7% and a 52.1% run-up.
- Max drawdown
- −14.7%
- Max run-up
- +52.1%
- Duration
- 208 days
- Largest single-day move
- +3.0%
- 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
In September 1990, the NASDAQ Composite entered a period defined by geopolitical uncertainty as coalition forces assembled in the Persian Gulf. Oil markets trembled, energy costs spiked, and investors faced a fog of war that could have justified either panic or opportunity. The index tracked 144 trading days through April 1991, encompassing the full arc of Operation Desert Storm, with nine critical decision points demanding judgment calls on direction, risk exposure, and capital allocation. What was at stake was not merely portfolio performance but the ability to think clearly when headlines screamed in every direction.
The index rose from 380.4 to 495.05, delivering a 30.1% gain over the period—a respectable recovery that rewarded those who held steady or positioned defensively early. Yet this trajectory was anything but straight. A maximum drawdown of 14.7% tested conviction midstream, and the largest single daily move of 3.0% reminded participants that volatility itself becomes a risk factor. The path was rocky, not serene, and patience proved as important as prediction.
This replay teaches that geopolitical events create layered uncertainty where headlines and price action often diverge. Participants must practice separating signal from noise, sizing positions to survive drawdowns without abandoning sound process. The psychological dimension is relentless: holding through a 14.7% loss, resisting the urge to overtrade on 3.0% swings, and sticking to a framework when the outcome remains unknown. Historical accuracy strips away hindsight bias, forcing real decision-making under pressure—an essential skill for any market participant navigating uncertainty.
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