HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

When you hedge just about every moment, you wouldn't notice the total pnl of the larger sized SD moves however , you do capture the entire pnl on the smaller sized intraday moves. Conversely, if You merely hedge when each day, you will not comprehend the full pnl with the smaller sized intraday moves (like in the illustration) but you'd in return k