Surely you can't? You don't have the latency advantages of big trading firms, nor the gazillion PhDs they employ. There's absolutely no way you are going to consistently make money, let alone $200k/year. At best you'll get lucky and think it's skill.
It's possible: note that each one of those quants is going to be making $400k at minimum, plausibly significantly more. So any high-maintenance strategy (eg. in some niche market) that makes less than that is just not going to be worth the time it takes to find, implement, maintain, etc.
>> $200k is totally doable with $2M investment capital and a bit of disciplined options trading.
10% probably. Though with the higher-than-market rate, there would also be dispersion in the consistency of the return. I could see some lean years where no money is made. I could also see a decade where you are buying at ever-higher valuations rather than dollar-cost averaging -- thus you could see a lean decade following.