$ Within the "operate case" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a bit) However, the existence of sizeable autocorrelation from the return approach would hint that we are able to trade using futures/linear products and solutions with a intraday horizon which would https://pnl12457.affiliatblogger.com/86139394/5-simple-techniques-for-pnl