I’ve been with phoenix for 9 months now and have to say even though its in a bad run now the profitability of the service in isolation is one of the best in the business, even 10% roi at this level of volume is going to result in massive gains if you stay persistent enough.
Now to the problems of achieving that in reality;
– Ludicrous volume makes this a service for the unemployed or WFM. Time of picks often aren’t updated until hours before the usual time, you could be expecting them at 1pm and suddenly it’s changed to 10am. You will constantly miss prices because of this if you are not unemployed/wfm. More effort needs to be put into announcing the night before.
– Prices are not tracked to reality. He gives the tip with the current and min price, current price is almost always tracked even if it moves to min before most people got on. If it goes lower than min and most people dont get on it isn’t tracked. The difference between the first and min price can vary from 10-20%. Even at an ROI of ~13% you can see how this is a problem, taking min is almost objectively not worth unless its <10% difference.
-If you miss the picks in the first half hour might as well not bother for the day, prices go fairly quick.
If you can make yourself available on short notice to get all the first prices it is a top service. More effort needs to be put into streamlining that process for everyone.