THE FACT ABOUT PNL THAT NO ONE IS SUGGESTING

When you hedge every single minute, You would not recognize the full pnl of your greater SD moves but you do seize the total pnl of the more compact intraday moves. Conversely, if you only hedge the moment each day, you will not realize the complete pnl from your lesser intraday moves (like with your example) but you would probably in return know t