Sir, what can be an ideal time frame for holding a stock bought as per momentum trading, which does not hit the stop loss, which does not also go high either, but consolidates either at the same price or a little higher for weeks, even for a few months, and the allocation to such a stock is not big and as such is not worth the longer wait, and there is another stock which can be bought by selling this stock?
I am aware of the scenario wherein a more promising stock is available and as such this stock can be sold without any further thought, but is there an ideal time frame, a rope so to speak, which can be given to a stock, any stock, if it does not hit the stop loss and consolidates?
Is a 5 month period fine, considering there will be a quarterly result in that period, so a movement either up or down can be expected?
Thank you.
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