NEW STEP BY STEP MAP FOR PNL

If you hedge each and every minute, you wouldn't know the entire pnl of your more substantial SD moves but you do capture the entire pnl from the lesser intraday moves. Conversely, if You simply hedge when every day, you won't know the total pnl from the lesser intraday moves (like in your example) but you'd in return realize the full pnl in the la