Knowing when to take profits might be the toughest call in trading. You watch a position climbing, adrenaline pumping, and suddenly doubt creeps in—is this the peak? Should I lock in gains now or let it run? Most traders wrestle with this constantly. Close too early and you miss massive upside. Hold too long and watch profits evaporate in minutes. There's no magic formula, but understanding your own risk tolerance and having a clear exit strategy makes all the difference. What's your approach—do you stick to predefined targets or play it by feel?