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Chapter 3. Bidding 101: A Tutorial for B... > Five Common Bidding Mistakes

Five Common Bidding Mistakes

You'll learn some tips on how to be a better bidder in Chapter 9. But let's take a moment and examine some of the things you can do wrong—actions that can either keep you from winning or cause you to pay too much.

Mistake #1: Bidding Too Early

When you're interested in a particular item, it's tempting to place your bid as soon as you read the item description. The problem with this is that as soon as that bid is entered, you've announced your intentions to other bidders—who might then react by placing even higher bids. So, right away, you've started a bidding war—which you could lose.


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