IBEX 35 Downtrend Replay (2004-04-13 to 2004-05-17)
Replay a 9.1% drawdown phase across 50 daily bars on Spain's IBEX 35 between March and June 2004. Walk through each session, tackle 9 decision points including 3 critical ones, and receive an AI coach review of your simulated choices.
50 daily bars · 9 decision points · 2004-03 to 2004-06 · Stocks
Key facts
This window spans 71 days with a peak-to-trough drawdown of 9.1% and a 8.9% run-up.
- Max drawdown
- −9.1%
- Max run-up
- +8.9%
- Duration
- 71 days
- Largest single-day move
- −2.6%
- Bars
- 50 Daily bars
- Decision points
- 9
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
Spain's IBEX 35 stood as one of Europe's marquee equity indices in the early 2000s. Between March 23 and June 2, 2004, the market entered a significant correction phase across 50 daily trading sessions, testing the resolve of every participant. This period represented a typical post-bubble environment where the index navigated uncertainty, offering traders a realistic training ground to practice disciplined decision-making under pressure.
The IBEX 35 descended from 7768.3 points, ultimately recovering to close at 7908.7 points—a net return of 1.8%—yet the journey was anything but smooth. The market experienced a maximum drawdown of 9.1% and its largest single-day swing reached 2.6%. Participants faced 9 distinct decision points, including 3 critical junctures where strategic choices could substantially alter portfolio outcomes. This oscillation between decline and recovery captures the essence of correction dynamics in early 2000s European equities.
This replay emphasizes process over prediction. Traders learn to manage positions through a 9.1% drawdown, control risk during 2.6% intraday shocks, and make calculated choices at 3 critical moments without emotional interference. The scenario develops skills in position sizing, stop-loss discipline, and psychological resilience—competencies that transfer across all market environments and time periods.
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