DETAILS, FICTION AND PNL

You can also analyse the skewness and kurtosis of your time period PnL by taking 3rd and 4th times of $Y_t$ respectively. Presumably you may conclude that for 2 series with similar expectation and variance, you will choose the one with optimistic skew or decreased kurtosis, but maybe not with regards to the self esteem of the market see, and many o