Bulgaria National (BIS) Historical Replay: 2005-04 to 2012-07
Replay Bulgaria's national property market from 2005 to 2012, when prices slid 16.7% into a 42.9% peak-to-trough crash. Work through 30 monthly decision points with day-by-day replay and receive an AI coach review in a simulated, educational setting.
30 monthly bars · 6 decision points · 2005-04 to 2012-07 · Property
Key facts
Peak-to-trough drawdown of 42.9% with a 46.0% run-up.
- Max drawdown
- −42.9%
- Max run-up
- +46.0%
- Largest single-month move
- −12.0%
- Bars
- 30 Monthly bars
- Decision points
- 6
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 Bulgaria national property market replay transports you to the volatile years of 2005 to 2012, a period that witnessed one of the most severe housing crashes in modern European history. Against the backdrop of pre-crisis speculation and subsequent global financial turmoil, the scenario tests your ability to navigate a market that defied conventional wisdom. With 30 monthly decision points stretched across the 2000s and 2010s, participants face the challenge of managing risk when the entire market trajectory is downward.
The numbers tell a stark story. Starting from a baseline of 103.67, prices ultimately closed at 86.35, representing a total decline of 16.7%. Yet the true brutality of this market lay beneath the surface: the maximum drawdown from peak to trough reached 42.9%, meaning interim losses far exceeded the final closing figure. A single month delivered a 12.0% swing, illustrating how panic and momentum can produce violent short-term moves. Of the six decision points embedded in the replay, two are flagged as critical, moments where positioning decisions carried outsized consequences for portfolio outcomes.
This scenario sharpens several core competencies for market participants. First, it demands discipline in position sizing when drawdowns can extend to nearly double the headline loss figure. Second, it exposes the psychological temptation to average down or exit prematurely in a sustained decline. Third, it forces reckoning with the difference between nominal price and real risk exposure. Successfully replaying this period requires not prediction of the bottom, but rather systematic risk management, clear pre-defined exit triggers, and emotional detachment from daily price noise.
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