I watch at any time about 20 Items on eBay, most start at $1. I track for the duration, and either fail to bid, abandon or lose for following reasons:
Ok I set a price in my my mind, once it either reaches or goes beyond my price idea (especially if many bidders)
I usually remove it. I may track it just to learn typical price for that item.
But if I know its value has been exceeded I usually remove it.
I Like to see the NEXT important item.
2) Just Do not bid.
After watching (say) 6 or 7 days, and the auction is within last hours. I think hard and long, and ask my self the following:
"Do I REALLY want this for my collection? Yes or No?"
"Do I really 'need' this for my collection? Yes or No?"
If answer to both or either is 'no' I abandon the auction.
3) Fail to win.
I only bid in last 15 secs. I look at the last bid and ask my self:
1) "What is this items value?"
2) "What is this items value to 'me!"
If answer (2) is higher than (1) I go in VERY much higher than the current bid. Other wise I bid based on (1)
I rarely lose a 'Point 2' item, as that is deemed 'necessary' to my collection.
Hope above helps.
How it works for you?
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