Crisis · NASDAQ Composite Index (2001)
Replay 144 days of crisis-era NASDAQ trading from April through November 2001, with the index falling 8.5% and a peak drawdown of 38.5%. Step through each session, make your calls at 25 decision points, and receive AI coach feedback in this simulated training environment.
144 daily bars · 25 decision points · 2001-04 to 2001-11 · Stocks
Key facts
This window spans 211 days with a peak-to-trough drawdown of 38.5% and a 36.4% run-up.
- Max drawdown
- −38.5%
- Max run-up
- +36.4%
- Duration
- 211 days
- Largest single-day move
- −6.8%
- 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 spring of 2001 found the NASDAQ Composite already battered from the dot-com collapse of the prior year. Between April 30 and November 27, traders faced 144 daily bars of a market searching for a bottom, with the 9/11 attacks occurring midway through the replay window. The scenario captures a period when the index was attempting to stabilize after the tech bubble burst, before terrorist attacks introduced an entirely new dimension of uncertainty into equity markets. What was at stake was not merely portfolio value but the fundamental question of how to operate in a market defined by overlapping crises.
Over those 144 sessions, the index closed at 2116.24 on the opening date and fell to 1935.97 by the final bar, representing an 8.5% decline. This aggregate figure, however, obscures the turbulence within: the maximum drawdown reached 38.5%, meaning peak-to-trough losses were far steeper than the closing-to-closing number suggests. The largest single session move of 6.8% occurred during a period of acute panic, illustrating how quickly conditions could shift. Participants navigated 25 decision points throughout, with 9 deemed critical, demanding repeated recalibration of positions and risk exposure.
This replay trains traders to confront several persistent challenges. Process discipline erodes when drawdowns approach 38.5% because the pain of unrealized losses creates pressure to abandon pre-defined strategies. The scenario forces participants to distinguish between data-driven adjustment and reactive capitulation. Risk calibration becomes essential: positions sized for a stable market behave differently when 6.8% single-day moves materialize. Perhaps most importantly, the psychological dimension of trading during genuine crisis conditions—where political events intersect with market mechanics—cannot be simulated through charts alone. This historical period serves as a laboratory for testing whether decision-making frameworks can withstand pressure that exceeds normal market volatility.