If we have a sorted list of guesses, it’s easy to discard all the ones lower than the one immediately below the current price. As the price increases, we’ll obviously be able to discard the obviously low guesses, so we’ll only be left with the highest at or below the most recent peak and others which are currently too optimistic.
If this actually did happen, taking into account a number of trades - e.g. if I had 50 shares, i don’t, it would take ~40 transactions to get out of my position… that would be painful if the price is jumping around and there a a lot of LULD stops…
OTOH, the £24900 gain you’d have made on each share would lessen that pain somewhat. In fact, having to do it manually could add to the excitement of it.
To be honest, I’m not sure why everyone is in such a rush to dump their entire stock at some arbitrary number anyway. If I was in this position, I’d sell a fraction of my shares at various different points so I didn’t miss out on something even better.
Oh, and what happened to just liking the stock and HODLing? I guess that meme died when the rocket emoji started.
I’ve just noticed you had the same strategy as me… While hovering over the graph shows $347, this was actually the closing price for the day and if you look at the year range, you get a maximum of $483 on 28/1/2021 which is why I went for that figure!