DETAILS, FICTION AND PNL

$ From the "function circumstance" you liquidate the portfolio at $t_1$ realising its PnL (let me simplify the notation a little)WillWill 13344 bronze badges $endgroup$ 4 $begingroup$ Did you not say initially that $V$ is self-funding? In that scenario there is no Price to finance it as well as the PnL is usually just $V_T-V_t$ in between any two t