The author bought Alphabet when sentiment was sour and the stock was cheap relative to earnings, and now holds it as one of their best positions with a trailing stop in place to protect gains while letting it keep climbing.
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Total return in the call's direction across recent tracked long and short calls.
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The author bought ASML when the stock was cheap and unpopular, paying less than 20 times earnings for a company that makes the machines no one else can build to produce advanced chips, and is holding it long-term as a core position while managing downside risk.
The author built a big position in Schneider Electric when sentiment was sour, it's become their best-performing holding, and they're still riding the gains while slowly selling a little as the stock price gets expensive relative to what the business earns.