Hold for 3 or 5 years?

Thinking about re-evaluating my stocks after 3-5 years. If they are at a continual loss of -10%+ or something I am trying to figure out the %. I have several stocks in a brokerage and some I feel amazing about, you know; Visa, Microsoft, Unihited Health Group, but there's also the OTC stocks, penny stocks, some IPO's from 2020-2022, etc. So I originally had a thought to buy and hold for decades cuz ya know… why not. What's the general rule of thumb for finding and holding stocks to everyone? Or if you have certain criteria, i.e. buying a volume of penny stocks and selling them when they hit X price, waiting for the IPO stock that crashed to hit big in however long you want to wait and then sell off the profit and throw in blue chips? Just ideas coming to mind.