You can get at least 5-6 decent players (4-5 stars) with the 26 tokens. Like I have said, just avoid bidding wars. If it goes to round 3 and there is still two or more active bidders other than you, it is better not to continue to bid as there is more probability that at least one bidder will continue bidding. The market is always flooded with players. So, there is no need for you to rush, unless you have high targets next season where you will need specific high quality players as early as possible.
The first player that needs to be sold is more probably that under performing scout player. Don't let his high overall quality rating prevent you from putting him on the transfer list. Just sell him, and make good use of the money obtained.