I don't think you need a duty cycle (time on and then off for cooling) for red lasers. The laser diode inside those is little more than a glorified LED, consumes 20-40mA of current, and should not overheat.
And if you have a "stock" 5mW green laser pointer, there should not be a duty cycle recommendation on that one either, but you don't want to just leave it on for hours and hours because they already have a limited lifetime of 1,000 to 3,000 hours.