INDICATORS ON PNL YOU SHOULD KNOW

$ During the "function case" you liquidate the portfolio at $t_1$ realising its PnL (allow me to simplify the notation a bit)To produce the two techniques comparable you need to consider investing/borrowing $PnL_1$ at price $r$ in order that it stays inside the program until finally $t_2,.$ At that time yourNow, in the above explanation, we assumed