THE 5-SECOND TRICK FOR PNL

In case you hedge each and every moment, you wouldn't realize the entire pnl with the greater SD moves however, you do seize the complete pnl with the lesser intraday moves. Conversely, if You merely hedge once on a daily basis, you won't realize the entire pnl from your scaled-down intraday moves (like in the case in point) but you would in return