ATX Downtrend Replay (1996-05-28 to 1996-07-24)
Replay Austria's ATX correction from April to August 1996, when the index slipped 9.1% to 1025.82. Step through 82 daily bars, navigate 11 decision points including 4 critical ones, and receive an AI coach review of your simulated choices.
82 daily bars · 11 decision points · 1996-04 to 1996-08 · Stocks
Key facts
This window spans 120 days with a peak-to-trough drawdown of 11.4% and a 3.9% run-up.
- Max drawdown
- −11.4%
- Max run-up
- +3.9%
- Duration
- 120 days
- Largest single-day move
- −2.4%
- Bars
- 82 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
In the spring of 1996, Austria's ATX stock index traded near 1128.87 points, reflecting the relative stability of European equity markets during that decade. This replay scenario reconstructs an 82-day correction phase spanning from late April through mid-August 1996, immersing traders in the daily mechanics of navigating a market that offered no clear safe harbor. The challenge was not merely surviving the decline but making sound decisions under sustained pressure, with 11 decision points embedded throughout the dataset, 4 of which represented critical inflection moments where directional conviction became essential.
By August 22, the ATX had settled at 1025.82, a retreat of -9.1% from the starting level. The maximum drawdown reached 11.4%, underscoring that intermediate rallies provided only temporary relief rather than sustainable recovery. Notably, the largest single-day move measured just 2.4%, suggesting that volatility, while present, rarely announced itself through dramatic single-session reversals. The lesson embedded in this quiet erosion is that corrections of this nature punish complacency rather than reward prediction.
This replay cultivates decision-making discipline in environments where the market offers no obvious bottom and where each daily bar demands a position: hold, reduce, or exit. The educational value lies in confronting drawdown management, calibrating risk exposure to a maximum decline that exceeded the overall loss, and training psychological resilience when cumulative losses accumulate gradually. Completing the 11 decision points, especially the 4 critical ones, tests whether a trader's process can remain consistent when the directional bias is persistently negative.
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