Can I open long and short position on same coin at a time ?

Can I open long and short position on same coin at a time ?  If so how does it work ? Please I have seen some person opening long and short positions at same time , one trade going in loss and one trade going in profit.  

Can I open long and short position on same coin at a time ? If so how does it work ? Please I have seen some person opening long and short positions at same time , one trade going in loss and one trade going in profit.

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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Can I open long and short position on same coin at a time ? If so how does it work ? Please I have seen some person opening long and short positions at same time , one trade going in loss and one trade going in profit.

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Can I open long and short position on same coin at a time ? If so how does it work ? Please I have seen some person opening long and short positions at same time , one trade going in loss and one trade going in profit.