INDICATORS ON PNL YOU SHOULD KNOW

Which is dependent upon the rebalancing frequency. But "envisioned P&L" refers to an average above all attainable selling price paths. So You can find not necessarily a contradiction listed here. $endgroup$To make The 2 methods comparable you should think of investing/borrowing $PnL_1$ at rate $r$ so that it stays in the system right up until $t_2,