You just know that all the losing trades went from the hold-to-sell-for-a-profit book to the hold-to-maturity book. In the olde days that was the bottom drawer

You just know that all the losing trades went from the hold-to-sell-for-a-profit book to the hold-to-maturity book. In the olde days that was the bottom drawer where you would stuff the losing tickets at the end of the day and hope that they were in the money tomorrow.