Bid to win, but expect to lose. Always remember, there is only ONE winner and an unlimited number of losers.
My best tip is to participate in the auctions... whether it be as an active bidder or a silent observer. This is the ONLY way you will learn what you need to know to WIN consistently. This can consume a lot of your time, so weigh that into the cost of winning.
You're going to read a lot of EXCELLENT strategies... My tip here is DO NOT LOCK-IN to any particular strategy!!! If you do this, you become PREDICTABLE. Once you become predictable, you become BEATABLE.
A good strategy can work for you, but it can work equally as well against you.
The bottom line is, penny auctions are a game of chance and LUCK plays a large role.
Bid to win, but expect to lose. Always remember, there is only ONE winner and an unlimited number of losers.
My best tip is to participate in the auctions... whether it be as an active bidder or a silent observer. This is the ONLY way you will learn what you need to know to WIN consistently. This can consume a lot of your time, so weigh that into the cost of winning.
You're going to read a lot of EXCELLENT strategies... My tip here is DO NOT LOCK-IN to any particular strategy!!! ...more
