THE 5-SECOND TRICK FOR PNL

In case you hedge each and every minute, You would not recognize the full pnl with the more substantial SD moves however you do seize the total pnl of the more compact intraday moves. Conversely, if you only hedge after every day, you won't know the total pnl in the scaled-down intraday moves (like with your example) but you would probably in retur