Iron ore price, page-52469

^Well I started buying into FMG last 2 weeks but I am no trader so I don't use stop losses
I bought into FMG recently because it began to trigger and hit my value range
But this is a "range"
Doesn't mean it won't fall way lower and get deeper value..
...particularly when Big fish:are at play..
When big fish are circulating I tend to get nervous and try be disciplined and play the wait and see game...
What I do in this situation is try stay disciplined - sit tight hold what I have purchased (get the dividend on that..which is still good BTW)
And now wait....until the reasons behind such selling eventuate
Now that is hard.. real hard.. note to self. Don't catch a falling knife.
Is it that yet> ? I have no idea
Fortunately my exposure is very small so far relative to other holdings.
Thanks everyone for the important inputs.
I shall wait and see what eventuates.
NA/IMO