My Weekly Wins & Losses | Free Smart Bid Template

Google Sheet: https://docs.google.com/spreadsheets/... *Rachel had a mixed but highly profitable week of bidding, securing one major high-value win, one steady watch win, one promising brooch trial, an uncertain ring bid, and one clear multitasking mistake.* Here is a breakdown of her results this week: *The Big Win (Ralph De Rosa Brooch):* Rachel spent *$92 on the bid and $30 on shipping* after identifying the unique back clasp of a genuine Ralph De Rosa brooch. Although it has a few missing stones, she plans to list it for *$699* (with perfect comps valued around $900), putting her in line for an **outstanding net profit**. *The Steady Wins:* *Vintage Swiss Army Watch:* Won with a **$15 bid and free shipping**. By identifying key features like the ratcheted bezel case, she comped it at $99, resulting in an estimated **$65 net profit**. *Monet Articulated Brooch:* She bid *$15 (plus $5 shipping)* on an unusual, substantial piece comped at $85, yielding a projected **$49.55 net profit**. *The Uncertain Bid (Sterling Silver Garnet Ring):* Rachel bid *$12 (plus $5 shipping)* based on a loose comp of $75. Because she was not highly confident in this comp, she flagged the bid in red, noting she needs to get much better at comping rings. *The Disaster (Silver Flower Bracelet):* While multitasking, Rachel's brain confused the brand "Kirk Steve" with "vintage S Kirk and Sons". She paid *$10* expecting a high-value item, but the actual comp for her bracelet was only **$11**, resulting in an estimated **$4.20 loss**. --- Key Lessons You Can Learn From Rachel's Bidding: *Avoid multitasking and slow down:* Rachel's ADHD brain got two completely different brands mixed up because she was bidding while doing other things. She notes that you must *slow down and take your time* to prevent making bad bids based on incorrect comps. *Turn past losses into future wins:* A prior $15 loss on a mislabeled De Rosa brooch taught Rachel exactly how to scrutinize clasp details. That initial "learning lesson" is what gave her the exact knowledge she needed to spot and win a genuine high-value brooch this week. *Look for highly specific physical features:* When researching items, don't just rely on titles. Look for specific distinguishing features—such as water resistance, Swiss-made markings, logos, and a ratcheted bezel on watches, or a highly unique signature clasp on designer brooches. *Have an exit strategy for bad buys:* Instead of taking a total loss on her incorrect bracelet purchase, Rachel plans to *bundle it into a larger batch of pewter items* to recoup her money. *Re-evaluate brands you have written off:* Rachel used to avoid Monet jewelry because cheap pieces only sold for $10 to $20. However, by reinvestigating, she learned that their larger, "articulated" (bending), and more substantial pieces can fetch $100 to $200, allowing her to spot a smart bidding opportunity. *Don't bid aggressively on weak comps:* If you cannot find a highly reliable comp for an item (like Rachel's garnet ring), keep your bid low and be cautious about your profit projections.