AN UNBIASED VIEW OF PNL

An Unbiased View of pnl

Should you hedge each individual minute, you wouldn't realize the complete pnl with the much larger SD moves but you do seize the full pnl of the scaled-down intraday moves. Conversely, if You simply hedge as soon as per day, you won't notice the complete pnl from your lesser intraday moves (like in your instance) but you'd in return comprehend the

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