HELPING THE OTHERS REALIZE THE ADVANTAGES OF PNL

$ During the "work situation" you liquidate the portfolio at $t_1$ realising its PnL (allow me to simplify the notation a tiny bit)$begingroup$ If you look at just only one example, it may seem to be the frequency of hedging directly effects the EV/Avg(Pnl), like in the situation you explained the place hedging each and every moment proved being a