$ Inside the "do the job situation" you liquidate the portfolio at $t_1$ realising its PnL (allow me to simplify the notation a little) However, the existence of sizeable autocorrelation from the return system would trace that we have the ability to trade making use of futures/linear goods on a https://martinipsvx.ampedpages.com/little-known-facts-about-pnl-61039100