Technology Sel SPDR Downtrend Replay (2002-01-04 to 2002-02-21)
Trade through a brutal 21.2% drawdown in the XLK Technology SPDR across late 2001 and early 2002. Replay each of the 66 daily bars, face 4 critical decision points, and receive an AI coach review of your simulated choices.
66 daily bars · 11 decision points · 2001-12 to 2002-03 · Stocks
Key facts
This window spans 95 days with a peak-to-trough drawdown of 21.2% and a 14.7% run-up.
- Max drawdown
- −21.2%
- Max run-up
- +14.7%
- Duration
- 95 days
- Largest single-day move
- +5.1%
- Bars
- 66 Daily bars
- Decision points
- 11
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 Technology Select Sector SPDR entered the final weeks of 2001 trapped in the gravitational pull of the dot-com collapse. For the broader tech sector, the year had already delivered devastating losses as valuations built on speculation collapsed under the weight of deteriorating fundamentals. This replay places you in the position of navigating 66 daily bars from December 10, 2001 through mid-March 2002, a period when the ETF's closing price fell from 12.52 to 11.08, representing a net decline of -11.5%. The real story, however, was written in the drawdown: a maximum pullback of 21.2% tested anyone who held through the downturn, while the largest single session delivered a 5.1% swing that could devastate an unhedged position. Eleven decision points pepper the chart, four of them critical inflection moments where your choices between holding, reducing, or adapting your position would determine your outcome.
The data reveals the cruel mathematics of extended declines. From peak to trough, an investor would have watched 21.2% of capital erode before any recovery began. The -11.5% final outcome tells only part of the story; surviving the journey required not just directional conviction but sizing discipline and emotional resilience. Each of the 66 bars represented a fresh opportunity to reaffirm or abandon a thesis, and the 11 embedded decision points forced explicit choices rather than passive drift. The 5.1% single-bar moves reminded participants that volatility itself carries risk separate from directional exposure.
This replay distills the 2000s tech crash into a decision-training laboratory. The core lesson concerns the difference between paper losses and realized outcomes: a 21.2% drawdown is survivable if managed actively, catastrophic if ignored. Participants must practice calibrating position size against demonstrated volatility, distinguishing between short-term noise and fundamental deterioration, and maintaining psychological flexibility when the market delivers uncomfortable truths. The four critical decision points become mirrors reflecting your risk tolerance, your process discipline, and ultimately whether you can separate the signal of genuine opportunity from the noise of market panic.