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Is it worth it, eh...
Its like gambling, you may be lucky or you may get ♥♥♥♥. You should look up certain trade ups. When you input certain weapons, you can only get a trade up of a few items.
So i went googling and this comes up as a Trade Up Sim.
http://convars.com/tradeup/
I think he explains how it works better than i do
one shows the trade ups, the other explains how it works
in short,"profit" comes from risk.
if it's a 100% trade ups it will not be a profit as it will be abused until the price balanced.
since that the price gap per tier is always less than 10x,selling them 10 lower tier items and buy the next tier item is more worth it.
yes its luck but with the right skins and floats you can make sure that you will profit when you do it multiple times
just before you start doing them do some proper research and i suggest starting with 1-2 dollar trade-ups