HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

In the event you hedge every moment, you wouldn't realize the total pnl from the larger sized SD moves but you do capture the full pnl on the smaller sized intraday moves. Conversely, if You simply hedge at the time daily, you will not realize the complete pnl with the smaller sized intraday moves (like in your instance) but you'll in return know t