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Shorting and holding

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If you are currently holding a stock but want to keep your position and want to short it at the same time, is this possible and how do you do it?
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Your question makes sense in the technical sense: "How do I do it?". But it doesn't make sense in terms of trading: how do I make a profit? The real question is: Do you think the stock will go up or down? You can't have it both ways.
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I am a foreign currency exchange trader. However, in forex market, traders have various strategic alternatives available in the current days. For example: If you are a small scale trader then scalping can be a better alternative for you where as a currency exchange trader your main focus will be smaller price fluctuations. Any scalper tries to take the benefits from short term price changes and give concentrate on fundamental news.
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