Quibids Ending Price Formula

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Quibids Ending Price Formula

Here we will talk about the straddle method. I'm not sure who originally came up with the idea but it is a technique commonly used when placing stock options. Where you would place a call and a put on a stock. You do this because it is hard to tell whether or not a stock will move up or down. But what is easy to see is when a stock will move. For everyone who is unfamiliar with stock options a call is when you are betting that the stock value will rise and a put is when you bet that it will drop. Straddling is when you bet on both. I will not go any farther than this, as I now need to explain how this concept can be used to better your odds of winning on Quibids.

For this example we will be using 25 Bid Voucher:

What we need to know is the high average price that an item sells for, lets say $1.20.
We then need the average price the auction ends at $0.60

Next you find the middle between the two which is $0.90

from this we can conclude that if the auction price enters into this window, our odd of winning with in this window is very fairly good (Between $0.90 and $1.20)

The exact middle between the two is $1.05 this could be looked at as the current market value of your stock, while you don't know if the final price will be higher or lower, we choose to straddle the price by jumping into the auction slightly before this amount, that way if it ends lower then $1.05 we can be there to get the win but if it gos over $1.05, we are not so heavily invested in bids that we cant keep going. This method was introduced as a penny auction strategy by QuibidsReport.com. QuibidsReport is a new database website that provides you with up to date information collected from thousands of recent auctions and then processed with market formulas to bring you some of the most usable and valuable data for bidding on Quibids.

From this point on I will be assuming you have gone to QuibidsReport.com and gotten all the needed information in order to do this strategy successfully. From here I will sharpen the edges of the strategy by incorporating bid dynamics.

I would suggest that you use a last second bidding strategy when entering and or approaching your straddle value this way you can keep from losing but will keep your self from wasting unnecessary bids.

Once you place your first bid which should have been a last second bid you should then switch to placing neutral bids until you win.This simple combination of the straddle method and bid dynamics make this a very strong strategy.

You could take this further by incorporating: Listing Dynamics and Auction Dynamics to reduce the amount of needed bids to an even smaller amount.

If you are unfamiliar with the concept of Bid Dynamics, Listing Dynamics or Auction Dynamics I suggest reading my free eBook "How to win on Quibids - Top Secret Guide" you can find it in the free ebook area of this site.

Note the above formula is not the formula used on QuibidsReport.com but a simplified version I developed wile speaking with QuibidsReport.com,. While I also use my version of this strategy Quibids Report offers a higher calculated version based off years of practical application