That's up to you. Whatever percentage allows you to sleep comfortably, given your situation.
If you plan to buy-and-hold, it would make sense to spread your money out over several companies, say between 5-20 to reduce risk. And have some way of knowing when (or how) you will sell each. If your broker allows you to set a trailing stop loss, that's the way to go for most momentum investing strategies.
Good luck.
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