subject: Penny Auctions Strategy-When Not To Bid [print this page] Penny Auctions Strategy-When Not To Bid Penny Auctions Strategy-When Not To Bid
If you ever traded the stock market you should know that there are days when you should not trade. Weather it is because the market is to volatile or you just don't feel "it", some days you should take a break. The same goes for bidding on penny auctions, some days, some hours you shouldn't bid. And knowing when not to bid is a big part of your penny auctions bidding strategy.
So this is when you shouldn't bid on an auction, take notes!
Don't bid on an auction when
Your'e tired. When you're tired you're not thinking logically and you'll end up over bidding on items or bidding on the wrong items. If your'e tired, get coffee, go to bed and then start fresh
Don't bid on an auction when your'e doing 10 other things at the time
You need to stay focused on winning the auction and if your'e reading the news, feeding the dog and watching T.V while your'e bidding you'll lose track
Don't bid on an auction when your'e hungry/sad/angry/etc.
What I mean is don't let your emotion get in the way, going back to the stock market analogy, if you take a losing trade or someone outbidding you personally you will not act logically. The bidders on the other side don't know you and don't care about you and you shouldn't care about anything else besides sticking to your penny auction bidding strategy.
Don't bid on an auction when you have a bad internet connection
This goes without saying, but I'll say it anyway, don't lose bid because your battery is dying or your internet connection is cutting off. If you do you'll be wasting valuable bids!
Now go ahead and implement those points into your penny auctions winning strategy!
