Tan Kin Lian - Investment Journey Impact of a further rate hike
The US Fed held its rate hike meeting on 24 Sept. They were expected to announce no further rate increase. 

The Tesla stock price went up to $270. I placed an order to sell 1,000 shares at $290. It did not hit this mark. 

Instead, the stock price dropped after the Fed made its announcement. The interest rate remained unchanged, but the Fed announced that there will be another hike towards the end of this year. 

Tesla price has now dropped to $244. The drop was $26 from the level prior to the announcement. 

I hold 6,000 shares. The drop of $26 caused me to lose $156,000 (SGD 210,000).

It is a big paper loss. Just for a small hike that is expected before the end of this year. 

Tan Kin Lian 

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