I'm just beginning to explore the Quantopian platform and algorithmic trading in general. I'd like to ask how good are the chances to actually get somewhere? I'm many years away from trading my own money (if I ever), so I'd like to hear how people are doing.
My main concern is that success in algorithmic trading is still random. Yes, it takes skill, but the initial leads and the "hunches" may be sufficiently random to ensure that only a very small part of traders/quants ever are successful, and not necessarily the best.
What are your thoughts on this?