Dislikedoff course you can do the same thing without hedging, but the question is if you would open a position in that case. if you bid on the trend and something goes wrong, by hedging you get the opportunity to even make some profit when the market goes in the opposite direction. then you wait for it to stabilize and return to its normal trend. and not only you don't lose money, but make some. all the above, off course, under normal market conditions. for the time being there are such conditions.Ignored
The illusion behind 'hedging' is explained in this thread, summarized here. It can be demonstrated easily enough that any set of trades can be replicated, pip for pip, without 'hedging'. Merlin has offered $100,000 to anybody who can devise a 'hedging' scenario that can't be replicated.
I've no desire to debate this all over again; let's just agree to disagree. People either see 'hedging' for what it is, or they don't.