I'd echo what everyone has said.
What I do:
-A simple spreadsheet open with the players I want by position, their projected values, money left, etc. Here's an article
on my personal favorites with some minor analysis.
-Have Jason Jarvis' The Speadsheet
-Have Rookies and Cream's MDP Report
-Complete numerous mock drafts getting a feel for the auction draft process/pace/values
-Finally, based on my information and how the draft is doing I set a limit for how much I will bid per player nominated. I do not go over this limit.
A few other general tips:
-I am all for prince enforcing but only do it on guys you would want on your team. A lot of owners price enforce and are stuck with guys they don't really want. There really isn't any excuse for this, you are in an auction.
-Do what everyone else isn't doing. If hitters are flying off the board, focus on pitching -- and vice versa.
-If you have a friend not in the league and willing; have him/her by your side to help you keep a level head and notice bargains.
-Constantly peruse the draft history looking at the values and judging what you should pay.
-Go over the teams during the draft and strategically nominating needs on other teams.
-Nominate the other owner's favorite players!
-Use simple psychology, "Wow, you sure are running out of money." "A little short on OF aren't you?"
-Keep a "poker face". If you are lamenting how you got stuck with some guy due to price enforcing, aren't going after pitching, or discussing strategy -- you are giving away information other owners can use against you by bidding up the price.
-"Bid often, win little"
Most important of all is to feel comfortable going into the draft. If you get caught up in the heat of the moment due to ignorance, anxiety, or the thrill -- you are crippling your team.
Avid Twins fan.
Champion: 2009 Midwest Mayhem Fantasy Baseball