Crash · NASDAQ Composite Index (2000)
Replay the dot-com era across 144 daily bars as the NASDAQ Composite swings from 3447.81 to 4064.01, suffering a 37.3% maximum drawdown. You make decisions at 25 points, receive an AI coach review, and learn from history using simulated capital only.
144 daily bars · 25 decision points · 1999-11 to 2000-06 · Stocks
Key facts
This window spans 208 days with a peak-to-trough drawdown of 37.3% and a 51.3% run-up.
- Max drawdown
- −37.3%
- Max run-up
- +51.3%
- Duration
- 208 days
- Largest single-day move
- −9.7%
- 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 NASDAQ Composite Index entered the final weeks of 1999 at the height of the dot-com mania, with the market transitioning between two decades. Internet and technology stocks commanded extraordinary valuations based on promises rather than profits, and the index had already multiplied several times over in just a few years. This era represented an extraordinary test of investment discipline, as speculation had replaced fundamentals as the primary driver of prices. Participants entering this replay step into one of the most treacherous periods in modern market history.
Across 144 trading days from November 26, 1999 to June 21, 2000, the index closed at 3447.81 and finished at 4064.01, suggesting a nominal gain of 17.9%. Yet this benign headline figure concealed a brutal underlying reality. The maximum drawdown reached 37.3%, with individual sessions swinging as dramatically as 9.7%. Those who focused only on endpoints while ignoring the violent intermediate turbulence fundamentally misunderstood what participants actually experienced during these months.
This scenario presents 25 decision points, of which 9 are marked as critical, forcing participants to navigate extreme uncertainty with incomplete information. The core lesson transcends simple market timing: disciplined process, position sizing, and emotional resilience matter more than directional conviction. Historical crashes reveal how quickly consensus transforms from euphoria to panic, and how costly it is to confuse a rising market with skill. This replay trains participants to recognize behavioral traps, manage risk through drawdowns, and make decisions based on process rather than outcome narrative.