AN UNBIASED VIEW OF PNL

Should you hedge each minute, you wouldn't notice the full pnl with the greater SD moves but you do seize the full pnl of the lesser intraday moves. Conversely, if You merely hedge once every day, you won't know the total pnl from the smaller intraday moves (like in your case in point) but you would in return comprehend the total pnl within the mor