Know When to Ditch Your Strategy
Ideally, you'll enter the draft with a strategy. But knowing when to abandon that strategy is just as important as having one in place.
The challenge is being able to tell when your chosen strategy will lead you toward disaster, or when an opportunity arises that's a potential game changer. Baseball author Henry Lee says that if your strategy was to draft the top catcher, shortstop and second baseman as the core of your team, you might want to change direction when you see that the demand for them at the auction means that you'll have to pay 20 percent more than you expected. Weigh the unintended consequences of sticking to your plan. Will you still be able to afford productive players at other positions who become available at bargain prices? Similarly, if you get an unexpected shot at an undervalued star, you might want to concoct a new strategy on the fly [source: Lee].