HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

If you hedge every moment, you wouldn't realize the full pnl with the more substantial SD moves however you do seize the full pnl of your more compact intraday moves. Conversely, if You merely hedge after a day, you won't notice the full pnl within the more compact intraday moves (like as part of your example) but you would probably in return recog