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Watch List: Many bidders are putting items on their WATCH List and then they wait until the very end to bid. There are advantages and disadvantages to this approach. The advantage is that you are not driving up the price by bidding with your competition. The disadvantage is that bidders often forget to keep track of their watched items and find out too late that the item sold for less than you would have been willing to pay, or it didn't sell at all and you could have had it for the minimum bid. 

The solution to this dilemma is to bid just the mimimum bid early on. This doesn't prevent you from bidding at the end also, and it doesn't drive up the price because it is just the minimum. Also, if you tend to lose track of what is on your WATCH , then you wouldn't have to worry about losing an item that receives no other bids because you would already have bid. Even the most careful bidder can have an unforseen, last minute interruption that prevents him/her from bidding and lose the item altogether.

When you bid, it locks in the sellers description.  It can only be added to only at the very bottom of the page where no one looks.  If you see an error that may discourage bidding, (spelling etc) it is to your advantage to force that error to remain because other bidders may then miss it altogether.   An early bid also prevents the seller from later adding a Buy It Now to a listing that someone else may see before you do and grab it.  It must remain an auction if it has a bid and cannot disappear just because someone emailed the seller with a good offer.

Decide on your maximum:  If you bid at the very end, bid that maximum because there may not be time to make another bid.  If you really bid your maximum, you won't need to feel bad if the item was outbid. Someone else may seem to have outbid you by so little, but you don't know how high the other bidder was willing to go because eBay bid for them to the next increment.