THE FACT ABOUT PNL THAT NO ONE IS SUGGESTING

For those who hedge each and every moment, you wouldn't know the complete pnl in the much larger SD moves but you do capture the complete pnl of your scaled-down intraday moves. Conversely, if you only hedge once on a daily basis, you will not recognize the complete pnl from the smaller intraday moves (like as part of your example) but you should i