Holding period impacts the losses of your trades.

SE price moves down 1% or more for 39% of trading days (or every 3 days).
SE price moves down 2% or more for 26% of trading days (or every 4 days).
SE price moves down 3% or more for 14% of trading days (or every 7 days).
SE price moves down 5% or more for 5% of trading days (or every 20 days).
SE price moves down 10% or more for 2% of trading days (or every 61 days).

SE price moves down 1% or more for 48% of trading days (or every 2 days) if holding the trade for 3 days.
SE price moves down 2% or more for 43% of trading days (or every 2 days) if holding the trade for 3 days.
SE price moves down 3% or more for 39% of trading days (or every 3 days) if holding the trade for 3 days.
SE price moves down 5% or more for 21% of trading days (or every 5 days) if holding the trade for 3 days.
SE price moves down 10% or more for 7% of trading days (or every 15 days) if holding the trade for 3 days.

SE price moves down 1% or more for 48% of trading days (or every 2 days) if holding the trade for 5 days.
SE price moves down 2% or more for 46% of trading days (or every 2 days) if holding the trade for 5 days.
SE price moves down 3% or more for 40% of trading days (or every 2 days) if holding the trade for 5 days.
SE price moves down 5% or more for 30% of trading days (or every 3 days) if holding the trade for 5 days.
SE price moves down 10% or more for 17% of trading days (or every 6 days) if holding the trade for 5 days.

SE price moves down 1% or more for 59% of trading days (or every 2 days) if holding the trade for 22 days.
SE price moves down 2% or more for 57% of trading days (or every 2 days) if holding the trade for 22 days.
SE price moves down 3% or more for 54% of trading days (or every 2 days) if holding the trade for 22 days.
SE price moves down 5% or more for 49% of trading days (or every 2 days) if holding the trade for 22 days.
SE price moves down 10% or more for 39% of trading days (or every 3 days) if holding the trade for 22 days.