55 years ago I used to make my own fuel, the simple instructions were printed in a popular modeling book of the time, and the main ingredient could be bought at the local chemist.
That might sound like an endorsement to go ahead and do the same, it isn't. Frankly its a miracle I'm still here, the things that could have gone wrong, and nearly did would have finished me. I was behaving exactly as kids of that time did, it was a time when we made our own fireworks too, but to get through it you needed to be lucky, which I was. My motors never performed as well with the home made stuff as with the commercial fuel anyway.
There's another reason not to do it, chemistry had advanced, and I think I'm right in saying that the commercial fuel now contains something particularly hazardous.
It is perhaps one of those subjects where if you are sufficiently qualified and knowledgeable to do it, you wouldn't need to ask the question.
Chas