Healthy dose of caution is always a must but it is doable. First i would say that retail run to stocks and forex and that is a first fail instead choosing a futures product for example.
I would say that there would be much bigger % of success if people commit to what they are trying to do instead throwing darts and trying to make 1mil from 200$ trading JUST 15min a day, YOU CAN DO IT TO
Unfortunately most of things are against retail success even our damn nature so it is no surprise that most of them fail but i would say it is doable with A LOT of hard work. And of course in any job there we would be some % of people who are just unfit for it.
One example are tennis markets on betfair, no one in their right mind would stay on the ladder durign the point after 2013-2014 we can say it around those years maybe even earlier. unfortunately i started late 2013. I liked tennis decided that i would do it but every goddamn blog was saying no way, it is not possible courtsiders are destryoing every chance , no liquidity etc...i remember that guy Cassini he was vocal about it if i remember correct.
I will put long story short, quit my job at 2015. went full time , i admit i cleaned ITF markets for two years , there was no dedicated market maker until 2017 late 2016, easy money in the plain sight (talking about efficent market) and then got show stopper with ITF data and went off for a month.
Decided to make a try regular ATP tour 2017 , first two months was nightmare (had a help from a friend who showed me the technique, simple as fuck) but things got better when i learned the moves and how market breathes. It is just market making / directional hybrid, requires balls of steel cuz market making losses are not frequent but are big and courtsiders ocassinally will hit you. At the end of 2019. got close to super PC in earnings but this last change in delay from5 to 3 sec is show stopper and in January 2020. gave up and closed my bf adventure.
I lost my line of thoughts but just wanted to share that it is sometimes possible to do what everyone is saying that it is not, no way. But it requires to dig dip, there was horrible hard periods in which i just wanna gave up.
One more note is that when you stare at the market for months 15h a day watching every god damn point in a match you learn a lot about the market. There are times where market is completely out fo balance and you want to press it and times when you need to now your place in the food chain and wait. Also to note i used a bot to place and remove bets + manually adjusting and hedging during points. Point trigger was betfair API which is public, no speed advantage.
From few hundred € to near super PC in less than 5 years from one small room in south europe.
I am ranting a bit i know
maybe just little bit sad that befair period is over and that they dont give a flying fuck about their customers (got hit few times with outages , they are very sorry but no refund even small some sign of recognition that you paid them tens of thousands in PC, asked about the change in delay but no avail; i had days in which i turned over half a million and played 20-30% of the market, providing liquidity when bigger guys bailed BPs and etc.).
They are trying to attract more recreational bettors with lower delay, hooray. But liquidity attracts liquidty and if most of parrticipants are not feeling safe and starts to back off eventually leaving who will stay? i guess that is too long term for their visions.
End of rant, sorry if i was tiring to read.
Best fo luck to all