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The Two-Engine Trade: BTC + mNAV

The Two-Engine Trade: BTC + mNAV

Most people still think of MSTR as “levered Bitcoin.” That’s incomplete. What you’re really trading is a two-engine setup. Engine one is Bitcoin. BTC moves the underlying NAV.Engine two is the mNAV multiple — the market’s premium (or discount) to that NAV — and that...
This Week’s Playbook: Real Estate Starting to Wake Up?

This Week’s Playbook: Real Estate Starting to Wake Up?

Real estate has been a graveyard trade for a long time — and for good reason. Higher rates crushed valuations. Leverage turned toxic. Most names didn’t “crash” in one dramatic event — they just bled out slowly while the rest of the market chased AI and momentum. I...
How I Use AI in Trading Without Overcomplicating It

How I Use AI in Trading Without Overcomplicating It

Most people talk about AI in trading like it’s some kind of magic box.Feed it data, press a button, get alpha. That’s not how I use it. For me, AI is a filter — not a decision-maker. It helps me reduce noise, spot asymmetries faster, and stay disciplined when markets...