Coking Coal Historical Replay: 2021-10 to 2022-01
Replay a 68-day coking coal slide from 2021-10-21 to 2022-01-25, where the benchmark closed -28.9% amid policy-driven volatility. Step through 12 daily decision points under simulated capital and receive AI coach feedback on each call.
68 daily bars · 12 decision points · 2021-10 to 2022-01 · Commodities
Key facts
This window spans 96 days with a peak-to-trough drawdown of 40.6% and a 27.6% run-up.
- Max drawdown
- −40.6%
- Max run-up
- +27.6%
- Duration
- 96 days
- Largest single-day move
- +12.3%
- Bars
- 68 Daily bars
- Decision points
- 12
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
China's coking coal futures market entered a turbulent phase in late October 2021, as Beijing intensified its policy intervention in the ferrous commodity complex. Over the subsequent 68 trading days through January 2022, regulators signaled repeated intentions to cool raw material prices, creating an environment where supply-demand fundamentals were increasingly secondary to shifting policy rhetoric. For traders and risk managers, this period posed a fundamental question: how does one navigate a market where political signals can override conventional price drivers? The stakes were high, as positions built on economic logic alone faced the risk of sharp, policy-induced reversals.
The benchmark ultimately closed at 2211, down 28.9% from its 3109 level at the start of the replay window. What makes this period especially instructive is the severity of the drawdown trajectory: peak-to-trough decline reached 40.6%, while the largest single trading session saw a 12.3% swing. Participants navigating this scenario faced 12 distinct decision points, of which 4 were flagged as critical junctures where directional calls carried heightened consequence. The magnitude of these moves illustrates how policy-driven volatility can produce loss profiles that far exceed normal market fluctuations, testing even disciplined risk frameworks.
This replay scenario trains participants to confront three core challenges. First, process discipline: making consistent decisions under simulated capital forces deliberate application of rules rather than reactive improvisation. Second, risk calibration: the 40.6% drawdown and 12.3% single-bar moves underscore the necessity of position sizing and stop-loss discipline that account for tail-risk events. Third, psychological resilience: staying rational when policy narratives dominate price action, avoiding both the temptation to average down into a falling market and the paralysis that extreme volatility can induce. The 12 decision points—4 critical—provide structured opportunities to practice these skills without real capital at risk.
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