But even when both of them are risk management strategies there is also a time to use them respectively,
Considering that the current economy situation is driving to inflations, I don't think if there is sense of instigating a specific time to activate hedging your values. Literally the ideology of hedging is to protect your values against the future of economy threats and that is one reason why bitcoin is invented and we also need to acquire the bitcoin and hold because we may not be able to determine the economy action in the nearest future.
Stop lost order can not also be tolerated because traders or short term Investors would always have to be attentive in case of a given time that the market could go against on looses.
It is necessary to always prepare against the potentials that your assets or values can be diminished at a specific period of time that is to say we need to be strategically be ignited to exit the market at times of loose in a specific time of loosing threats.