Chart, page-17005

I'll be honest here:

You have a classic Dawson-Krueger effect in regards to shorting:
First you have to understand things to realise how little you know. Thus you have no idea how little you know and how stupid the things you say are to those that know.

If you are trader at trading company or fund manager:

If you buy stock at "a bottom" and it turns out it's not the bottom like many "a bottoms" thus far, and you end up 20-30% down on your big bet:

Your clients will come with pitchforks demanding their remaining money back immediately, before you squander it all away.
Just like you would if GCar was managing your money and your account went down from $1m to $200k in matter of couple of years. You wouldn't give .... about what the GCar manager tells you about 2025 or 2030 and what a good LT investment you put their money in.
As it is: you are content with your investment sliding from $4.50 to $1 because YOU made a decision.

For a trader a traders desk it's even worse: puff, there goes your job!

If you buy GXY @ $1 and hedge it with shorts: nobody will care if it goes to $0 or go up 300% and you offloaded some of your shorts or longs to make 10 or 30%.
You still get a big fat bonus and weekend at luxury resort @ company's expense.
So: If you're trader at trading desk and buying GXY @ $1 = you gonna hedge it with shorts.
Because nobody knows where the bottom is.