Regulation · Shenzhen Component Index (2005)
Replay 144 daily bars from December 28, 2004 to August 3, 2005 as Shenzhen's equity-split reform begins, absorbing a 24.2% max drawdown. Step into 25 decision points across this simulated historical period and receive an AI coach review of your choices.
144 daily bars · 25 decision points · 2004-12 to 2005-08 · Stocks
Key facts
This window spans 218 days with a peak-to-trough drawdown of 24.2% and a 16.7% run-up.
- Max drawdown
- −24.2%
- Max run-up
- +16.7%
- Duration
- 218 days
- Largest single-day move
- +8.4%
- 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 late December 2004, the Shenzhen Component Index hovered near 3,117 as China embarked on a historic experiment that would reshape its capital markets for generations. The equity-split reform pilot sought to gradually unlock shares held by state entities and make them tradable—a structural transformation with no modern precedent. For investors navigating this experimental terrain, the stakes were enormous: every policy signal, every regulatory announcement carried the potential to trigger dramatic re-pricing across the entire market.
The 144 daily bars that followed told a story of turbulence masking relative stability. Despite closing at 2,989—a modest decline of 4.1%—the real story lay beneath the surface. The market endured a maximum drawdown of 24.2%, with single sessions swinging as much as 8.4%. The gap between headline performance and lived experience during these months illustrates how structural reform can create deceptive calm punctuated by violent dislocations.
This scenario distills essential lessons for decision training. Across 25 decision points—9 deemed critical—participants must practice maintaining conviction while absorbing severe drawdowns, distinguishing genuine policy signals from noise, and managing risk when historical precedents offer little guidance. The 24.2% peak-to-trough decline tests emotional discipline; the 8.4% single-bar moves challenge process integrity. Neither can be navigated by prediction alone. Success here demands disciplined frameworks, honest self-assessment, and the psychological resilience to execute decisions under sustained uncertainty.
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