You have to establish your personal limit for any one domain. Don't over committ resources, because failure to pay is treated quite harshly. With the introduction of auction extension, last minute bidding has fallen out of favor. Many people put in their proxy bid, and let the cards fall where they will. This is of course, a personal decision.
Good luck, petertdavis! Get out your checkbook, but always remember- the difference between what you pay for a domain and what you sell it for determines your profit or loss.
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