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📊 Real Measured Data · 114K Rows

How Long Does It Take to Reach the Peak
— 114K Measured

"Should I have held longer?" isn't a question a single trade can answer. We pooled a matured sample of 114,454 rows to publish the average peak (MFE) and trough (MAE) within a 20-trading-day window after entry, plus how often a single window isn't enough.

Written by Dawn · IT Engineer · Published
💡 Key takeaway — Across a matured sample of 114,454 rows, the average peak (MFE) within 20 trading days of entry is +14.58%, and the average trough (MAE) is −9.85%. Other tools can tell you "you sold at 8% and it went to 19%." What we can add is the average of 114K rows measured under the same conditions.

The Population Baseline — an Average of 114K Rows

As of 2026-08-26 · matured sample 114,454 rows (with mfe_20d/mae_20d) · source: universe_snapshot

MetricAverageDefinition
MFE (peak)+14.58%Highest return reached within 20 trading days after entry
MAE (trough)−9.85%Deepest decline experienced within the same window

These two numbers aren't from a single signal or a single stock — they're the average across the entire scanner universe. Any trading-journal tool can already tell you "that stock ran up to 19%." What you can't get without a population baseline is whether that 19% is above or below the average of 114,000 measured rows — that's what this number is for.

How Long It Takes — the Limits of a 20-Day Window

Measured 2026-08-13 · 249 matured picks · source: scan_pick + price_history recompute

We haven't separately computed the exact day-by-day distribution of "how many days until the peak" (e.g. what share peaks within 5 days, within 10 days) as of writing this — we don't invent numbers before the sample is in place.

What we do have: when we recomputed the 249 picks our scanner actually selected over a 20-trading-day window, 42.6% didn't reach their peak until after day 20. Put differently, judging "did it reach its peak" with a single 20-day window leaves close to half the cases without an answer yet when the window closes.

⚠️ Why this number matters — We actually ran into this exact "window too short" problem as a real measurement bug once: measuring the universe over 20 days and picks over 60 days, then comparing them side by side. We publish that correction, numbers included, in MFE's Traps.

Why We Split the Sample

This article draws on two different samples. The population average (MFE/MAE) uses universe_snapshot, where the matured sample is 114,454 rows — a sample this large is what lets us answer "how much does it move on average" with any stability. The picks the scanner actually selected (scan_pick), on the other hand, are still only 540 rows — too few, in our judgment, for pick-level conclusions (e.g. "picks with this signal peak in an average of N days"), so we don't draw those conclusions in this article.

How to Actually Use This

  • Don't call "no peak yet" a failure too quickly — a large share of the sample peaks after day 20. Before concluding "it didn't work this time," suspect the observation window itself.
  • Check the baseline whenever you see "peak return +N%" — whether that N% is above or below the 114K-row average (+14.58%) is the number that actually matters.
  • MFE doesn't tell you when to exit — reaching a peak and being able to sell at that price are two different facts. The next article, Was the Exit Early, or the Entry Bad?, covers how to tell the two apart.
📌 Summary — Average MFE +14.58% · average MAE −9.85% (2026-08-26, n=114,454) · 42.6% of peaks land after day 20 (2026-08-13, n=249). Whenever you see a number like this, check its as-of date, sample size, and source — we've tagged every figure in this article the same way.
📮 Daily US Market Morning Brief — We send an analysis of the previous day's top 10 US gainers (TOP10) and what they had in common, every day at 8am (KST). Telegram @dawnbrief · Free · No ads · Not stock recommendations.

Frequently Asked Questions

What are MFE and MAE?

MFE (Maximum Favorable Excursion) is the highest return reached within a set window after entry; MAE (Maximum Adverse Excursion) is the deepest decline experienced in the same window. Both measure "did the price pass through this level," not that you actually bought or sold at that price.

What does an average MFE of +14.58% mean?

As of 2026-08-26, across a matured sample of 114,454 rows (universe_snapshot), the average highest return reached within 20 trading days of entry was +14.58%. It's an average across the scanner universe, not a single stock, and it doesn't mean anyone actually sold at that peak.

Exactly how many days does it take to reach the peak?

We haven't separately computed the full day-by-day distribution as of writing this article. But in a sample of 249 matured picks (measured 2026-08-13), 42.6% didn't reach their peak until after day 20 — meaning a 20-day window alone leaves a large share of cases "not yet decided" when it closes. The case where this window issue actually caused a real measurement error is covered in "MFE's Traps."

What do you do when the sample is too small?

We say so, plainly. scan_pick (the stocks the scanner actually selected) is only 540 rows, so we don't draw pick-level conclusions from it — population-level statistics use universe_snapshot instead, which has a far larger sample (114,454 rows).

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