AEX Downtrend Replay (1997-10-03 to 1997-10-28)
Replay a 1997 AEX correction spanning 36 daily bars, where the index slid 5.6% to 385.34 amid a 13.2% drawdown. Walk through the period day by day, navigate seven decision points, and receive AI coach feedback in a simulated training environment.
36 daily bars · 7 decision points · 1997-09 to 1997-11 · Stocks
Key facts
This window spans 49 days with a peak-to-trough drawdown of 13.2% and a 7.1% run-up.
- Max drawdown
- −13.2%
- Max run-up
- +7.1%
- Duration
- 49 days
- Largest single-day move
- +5.2%
- Bars
- 36 Daily bars
- Decision points
- 7
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 scene opens on the Amsterdam AEX index in the autumn of 1997, when European equity benchmarks were navigating a mood of correction after a long stretch of strength. Over 36 daily bars stretching from mid-September into early November, traders had to weigh whether the prevailing optimism still deserved conviction or whether the first cracks in price were the start of something larger. With capital deployed in a simulated training environment, each session asks participants to step into the shoes of a portfolio manager deciding, day by day, how much risk to carry into an increasingly uncertain tape.
What unfolded was a measured but punishing decline. From an opening close of 407.99, the index slid to 385.34 by the end of the window, a cumulative drop of 5.6%. Beneath that headline figure sat a far more dramatic story, as the path traced a maximum drawdown of 13.2% from peak to trough. Volatility was not constant: the largest single-bar move reached 5.2%, reminding participants that corrections rarely descend in a straight line and that sharp rebounds can punish both the eagerly short and the anxiously long. The seven decision points scattered across the replay, three of them flagged as critical, are concentrated exactly where such swings tend to occur, near breakdowns, false recoveries, and trend re-acceleration.
For decision training, the value of this scenario lies less in calling the bottom and more in rehearsing process. Trainees practice sizing exposure before volatility expands, pre-committing to rules for when to add, hedge, or step aside, and learning to distinguish a healthy pullback from a regime change. The psychological lesson is equally important: drawdowns of 13.2% feel very different from a 5.6% headline loss, and the coach feedback is designed to surface the gap between the number on the screen and the discipline required to act on it.