Holding period impacts the losses of your trades.

SRE price moves down 1% or more for 19% of trading days (or every 5 days).
SRE price moves down 2% or more for 6% of trading days (or every 17 days).
SRE price moves down 3% or more for 2% of trading days (or every 43 days).
SRE price moves down 5% or more for 1% of trading days (or every 170 days).
SRE price moves down 10% or more for 1% of trading days (or every 170 days).

SRE price moves down 1% or more for 36% of trading days (or every 3 days) if holding the trade for 3 days.
SRE price moves down 2% or more for 19% of trading days (or every 5 days) if holding the trade for 3 days.
SRE price moves down 3% or more for 9% of trading days (or every 11 days) if holding the trade for 3 days.
SRE price moves down 5% or more for 4% of trading days (or every 28 days) if holding the trade for 3 days.
SRE price moves down 10% or more for 2% of trading days (or every 57 days) if holding the trade for 3 days.

SRE price moves down 1% or more for 39% of trading days (or every 3 days) if holding the trade for 5 days.
SRE price moves down 2% or more for 27% of trading days (or every 4 days) if holding the trade for 5 days.
SRE price moves down 3% or more for 16% of trading days (or every 6 days) if holding the trade for 5 days.
SRE price moves down 5% or more for 7% of trading days (or every 14 days) if holding the trade for 5 days.
SRE price moves down 10% or more for 3% of trading days (or every 34 days) if holding the trade for 5 days.

SRE price moves down 1% or more for 47% of trading days (or every 2 days) if holding the trade for 22 days.
SRE price moves down 2% or more for 43% of trading days (or every 2 days) if holding the trade for 22 days.
SRE price moves down 3% or more for 39% of trading days (or every 3 days) if holding the trade for 22 days.
SRE price moves down 5% or more for 25% of trading days (or every 4 days) if holding the trade for 22 days.
SRE price moves down 10% or more for 12% of trading days (or every 9 days) if holding the trade for 22 days.