NEW STEP BY STEP MAP FOR PNL

For those who hedge every minute, You would not notice the full pnl of the larger SD moves however , you do capture the entire pnl of the scaled-down intraday moves. Conversely, if you only hedge at the time per day, you will not recognize the entire pnl from your scaled-down intraday moves (like with your instance) but you'd in return know the tot