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I trade market development and market structure based on the Market Profile graphic and my goal is to identify trades with excellent trade location and excellent risk/reward. When a market is in a trading range, I would say that entries are more important than exits. For example, I would not want to enter in the middle of a trading range because that offers poor trade location. However, for a breakout trade, I would say that the exits are more important because these are the trades that can lead to a stellar week, month, or quarter. My goal with breakout trades is to ride it as long as the trend is intact. I do not want to exit too early. I do hold breakout trades overnight since these are the best trade opportunities the market offers, IMO. With a breakout trade, the goal is to just "get the trade on." Trade location will improve as the trend progresses.