THE 5-SECOND TRICK FOR PNL

In case you hedge each moment, you wouldn't realize the entire pnl on the greater SD moves however you do seize the full pnl of your more compact intraday moves. Conversely, if you only hedge after each day, you won't know the full pnl with the more compact intraday moves (like in the instance) but you should in return know the total pnl from your