LITTLE KNOWN FACTS ABOUT PNL.

Should you hedge each moment, You would not know the entire pnl from the larger SD moves however, you do capture the full pnl of your scaled-down intraday moves. Conversely, if You simply hedge as soon as on a daily basis, you won't notice the full pnl in the scaled-down intraday moves (like within your instance) but you should in return comprehend