By Kenneth R. Johnson, Visit Amazon's Robert Koppel Page, search results, Learn about Author Central, Robert Koppel,
With the quick improvement of know-how, refined analytic and execution software program, high-speed, real-time facts availability mixed with the digital connections among markets, the normal stresses of investors are magnified a million-fold. Now greater than ever, the psychological instruments lengthy utilized by expert investors are serious to the good fortune of these trying to sign up for the transforming into ranks of digital day investors. For the 1st time, grasp dealer and nationally popular writer Robert Koppel brings his confirmed mental insights for investors to the increasing digital day buying and selling frontier. in line with Koppel, there might be disastrous effects for investors with out applicable grounding, education and attitudes with regards to risk-taking, self-discipline, self belief, simple task and chance. Make no mistake: Optimizing the trader's mental training is the most important to reaching bottom-line effects. In no-nonsense phrases, Koppel brings the confirmed buying and selling options of approximately 30 years to a notably altering marketplace. He stocks those secrets and techniques: * easy methods to reach the recent electronically hooked up buying and selling markets * strategies for investors to filter non-essential industry info * options to beat the demanding situations of screen-based buying and selling * activities and attitudes that create confident effects and optimize the sport Koppel additionally faucets the most winning and "mentally difficult" day investors to proportion their confirmed secrets and techniques and mental innovations for profitable within the brutal digital day buying and selling atmosphere.
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Extra resources for The Mentally Tough Online Trader: A Sanity Guide for the Totally Wired Investor
Remember that if someone places a regular bid, rather than a Buy It Now bid, that becomes a regular auction listing and would no longer be a Buy It Now listing. Sounds confusing, but if you are already listing items on eBay, you’ve probably encountered this. Wrapping Up Study eBay market data and your own sales performance, as well as your competitors’ sales history. Use them as guidelines in the larger context of your business knowledge, and apply what you learn to your day-to-day selling activities.
Seller feedback also varies widely, both in quantity of feedback points and in ratings. A seller with 5000 feedback points and a 100 percent positive rating will achieve more bids than a seller with 10 feedback points and a 60 percent negative feedback rating, since potential bidders will be scared off by the negative feedback rating. Many listings on eBay include inconsistent, incomplete, or incorrect descriptions, sometimes by deliberate intent and sometimes because of a lack of knowledge on the part of the seller.
Wholesale list”—with a photo of a television in the auction description. The rule for buying on eBay is caveat emptor (buyer beware), and the rule for readers of this book is researcher beware! Make sure the data you are analyzing represents the items you’re researching. Shill bidding is difficult to detect, but if you study a particular category on a regular basis and study your competitors, you may be able to spot warning signs. The same buyer purchasing regularly from a seller may or may not be a shill bidder, but if the bidder never wins the auction, that might be an indication.