Overview
Interview with Ethan (aka Prosper), a 21-year-old who turned college debt into nearly $500K through meme coin trading, discussing his journey, strategies, and life changes.
Ethan's Background and Journey
- Originally from Florida, attended high school in Paris, then moved to New York for college.
- Faced family financial struggles, prompting him to take up DJing and internet side hustles.
- Started with sneaker reselling, then experimented with AI influencers and dropshipping before focusing on meme coin trading.
- Paid off college debt and became financially independent through trading.
Trading Strategy and Performance
- Utilizes early entries ("first TX") and CT tracker plays, bidding early with low liquidity coins (sub-10K).
- Turned $1,400 into $39,000 in his best trade; currently up $53,000 for the month.
- Suggests newcomers need at least 10 SOL to start due to increased competition.
- No longer views trading as gambling if a strategy is in place.
College Life and Social Impact
- Transitioned from social college life as a DJ to focusing solely on trading, sacrificing parties and socializing.
- Admits missing some social aspects but values independence and financial security.
- Maintains anonymity about his trading activities among most classmates.
Reflections and Future Goals
- Original plan was a traditional career (e.g., finance, analyst); now prefers trading for autonomy and success.
- Feels proud for forging his own path outside conventional expectations.
- Immediate goals: reach $1M, buy a luxury item, move to a sunnier location (possibly Miami).
- Intends to support his parents financially once further established.
Advice and Recommendations
- Recommends studying successful traders and putting in extensive hours to master any side hustle.
- Emphasizes persistence and learning over shortcuts for success in online ventures.
Decisions
- Fully committed to trading meme coins as a career over traditional finance roles.
- Plans to help family financially when possible.
Action Items
- TBD – Ethan: Consider relocation to Miami or another preferred city after reaching financial milestones.
- TBD – Ethan: Purchase a personal luxury item upon achieving $1M goal.
- TBD – Interviewers: Plan and film part two in Miami if video receives 5,000 likes.
Recommendations / Advice
- Find and learn from experienced mentors in your chosen field.
- Dedicate significant time and effort to develop expertise.
- Don't fear unconventional paths if they align with your strengths and circumstances.
Questions / Follow-Ups
- Will Ethan's social isolation have longer-term effects on his well-being?
- Will part two of the interview be filmed in Miami if the required engagement is reached?