HOW MUCH YOU NEED TO EXPECT YOU'LL PAY FOR A GOOD PNL

In case you hedge every single minute, You would not know the complete pnl of your larger SD moves however you do capture the full pnl with the scaled-down intraday moves. Conversely, if you only hedge once per day, you will not know the full pnl within the smaller intraday moves (like inside your instance) but you'll in return understand the compl