Crash · Shanghai Composite Index (2015)
Relive the 2015 Shanghai Composite crash as a 144-bar interactive replay spanning a 43.3% drawdown. You make calls at 25 decision points and receive an AI coach review after each simulated trading day.
144 daily bars · 25 decision points · 2015-04 to 2015-11 · Stocks
Key facts
This window spans 212 days with a peak-to-trough drawdown of 43.3% and a 26.5% run-up.
- Max drawdown
- −43.3%
- Max run-up
- +26.5%
- Duration
- 212 days
- Largest single-day move
- −8.5%
- 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 Shanghai Composite Index entered April 2015 at the peak of one of China's most explosive bull markets in recent memory. Leveraged speculation had inflated valuations across A-shares, and retail investors poured into the market at historic rates. The period from April to November that year would test every assumption about risk management and market resilience. Policymakers faced the delicate task of cooling excessive speculation without triggering a disorderly unwinding—a balance that would prove nearly impossible to maintain.
The replay spans 144 daily bars, from 4121.71 down to 3650.25, representing an overall decline of -11.4%. Yet this headline figure conceals the true severity of the experience: the maximum drawdown reached 43.3%, meaning any portfolio without adequate protection would have suffered losses approaching half its value at the worst point. The largest single session saw an 8.5% move, illustrating the violent intraday swings that characterized this era. Participants navigate 25 decision points across this landscape, with 9 designated as critical junctures where positioning choices carried amplified consequences.
This replay teaches that headline percentage moves often understate the psychological and practical damage of a market crisis. A -11.4% closing change becomes far more punishing when experienced as a 43.3% peak-to-trough journey with 8.5% daily convulsions. For training purposes, the scenario forces disciplined adherence to process when emotions scream for action, and demonstrates how risk models built on normal distribution assumptions can catastrophically underestimate tail events. The 2015 Shanghai crash remains a masterclass in the gap between theoretical risk and lived experience during a policy-driven unwind.