NOT KNOWN FACTUAL STATEMENTS ABOUT PNL

When you hedge just about every minute, you wouldn't know the entire pnl from the larger SD moves however, you do capture the complete pnl on the smaller intraday moves. Conversely, if You simply hedge at the time on a daily basis, you won't realize the complete pnl from your smaller sized intraday moves (like in the instance) but you'd in return n