I will clarify right away that the hedging strategy should only be used in this context, namely: when you enter a long position of, for example, $50 (100%) and the price goes against you, you need to enter a short position for 50% of the spot amount (i.e., $25). In this case, if the price goes against you, you reduce your loss by half. Hold the position until it returns to the entry price in the short position. When it returns to the initial price, although you will not gain that 50%, you will still avoid the main reason for using hedging - liquidation! Upon returning to the initial price, it is necessary to close the long position and hedge the short position for 50% of the amount (in this case, it is $12.5). This way, the problem of loss is addressed, not profit! And hedging is not about profit. You are simply wasting time. But time is the main resource for experienced traders; for a novice, however, the loss of time is just experience. Therefore, use hedging in cases where you are not ready to part with the amount, and your trading strategy is mistaken.
After returning the money, be sure to review your trading approaches.