HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

In case you hedge each and every minute, You would not comprehend the full pnl of your much larger SD moves but you do capture the entire pnl on the smaller intraday moves. Conversely, if You simply hedge as soon as per day, you won't recognize the full pnl through the smaller sized intraday moves (like in the illustration) but you'd in return know