$begingroup$ When you examine just an individual instance, it might look like the frequency of hedging instantly consequences the EV/Avg(Pnl), like in the situation you described where hedging each moment proved to get much more rewarding. Kurt G.Kurt G. 2,38944 silver badges1717 bronze badges $endgroup$ three $begingroup$ Many thanks a https://yourbookmarklist.com/story19426335/the-ultimate-guide-to-pnl