Is double hedging spot equivalent to farting without pants?? I have noticed that many people have always been disdainful of hedging, thinking that buying spot goods and then shorting again would not only waste transaction fees and capital costs, but also be equivalent to doing nothing. But at least in my personal opinion, this understanding is actually incorrect. Because the premise for me to buy spot goods is that I feel the price has reached the level I am willing to buy, but this does not mean that I can be 100% sure that buying will immediately rebound, let alone that I can always buy at the lowest point. So at this point, I chose to double short to hedge against possible errors in my judgment. Because many times it's not about looking in the wrong direction, but buying or selling early even though you're looking in the right direction. So I use double short positions as a hedge. If the market continues to decline, short positions can offset some of the spot's pullback, so that I won't be beaten. If there is really a rebound or even reversal due to good news or improved market sentiment later on, although it seems that I will lose some upward space by shorting, short positions can be flattened at any time. Hedging is not about locking in opportunities, but about reducing risks first. When I find that the market is truly strengthening, or when I confirm that this is not just a rebound but a possible reversal, I can completely level out the short positions and let the spot market eat back from the subsequent rise. This actually means that hedging is not "doing nothing", but doing two very important things: Firstly, help me control the retreat before I can fully confirm the rhythm. Secondly, even after the direction gradually became clear, I still retained the space to continue rising. So on the surface, many people may think that buying spot goods is double short, like taking off my pants and farting. But for me, I don't have the ability to buy at the lowest point every time, nor can I catch a reversal every time. Therefore, I am willing to earn less money and switch to a more comfortable and safe holding process. Many of my friends know that I have never sold BTC since I bought it in 2018. Although the cost is very low and it has risen a lot, I have actually experienced many rollercoaster rides and have lost faith in my own judgment. The only way to survive is through low cost and minimal actual losses. So I have always believed that the true meaning of hedging is not to earn more, but to live longer and not to be absent from the car. Bitget VIP， Lower rates and more generous benefits