5 EASY FACTS ABOUT PNL DESCRIBED

If you hedge each individual moment, You would not understand the entire pnl with the more substantial SD moves but you do seize the total pnl of the scaled-down intraday moves. Conversely, if you only hedge at the time a day, you won't know the total pnl within the more compact intraday moves (like in your illustration) but you'll in return realiz