Collapse · DAX Index (2000)
Replay the DAX Index from December 1999 to July 2000, a stretch that closed at 6,961.73 after peaking at a 15.3% drawdown. Walk through 25 daily decision points, including 9 critical ones, and receive an AI coach review.
144 daily bars · 25 decision points · 1999-12 to 2000-07 · Stocks
Key facts
This window spans 208 days with a peak-to-trough drawdown of 15.3% and a 32.3% run-up.
- Max drawdown
- −15.3%
- Max run-up
- +32.3%
- Duration
- 208 days
- Largest single-day move
- +4.7%
- 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 scene opens on December 10, 1999, with the DAX Index hovering near 6,097.9 amid the final weeks of one of the most speculative bull markets in recent memory. Technology shares were commanding extraordinary valuations, and optimism ran high as the new millennium approached. This replay transports players to the 144 daily bars spanning through July 5, 2000—a period that would prove to be the inflection point where the dot-com euphoria began its unraveling. The stakes are clear: navigate a market that looks stable on the surface while hidden risks accumulate beneath.
The numbers tell a story of deception masked by modest gains. The index closed at 6,961.73, delivering a headline return of 14.2% over the period—appearing benign to casual observers. Yet this performance concealed a maximum drawdown of 15.3%, meaning participants who entered at peaks faced significant unrealized losses before recovery. The largest single-bar move of 4.7% demonstrates the kind of sudden shock events that can ambush unwary traders. Across 25 decision points, including 9 marked as critical, players confront the daily pressure of commitments made in a market that could reverse without warning.
This scenario excels as a laboratory for examining decision-making under structural uncertainty. Players must practice distinguishing between noise and signal—whether a rally represents genuine strength or merely the last gasps of a fading trend. The 15.3% drawdown forces realistic engagement with position sizing and risk limits. Psychologically, the scenario tests the temptation to hold losing positions during apparent stability and the discipline required to act when consensus remains bullish. Completing this replay builds sharper instincts for recognizing when the prevailing narrative has decoupled from underlying market health.