
If you selected 'hide photoshop' but you regret it and want to use the traditional Hide Selection instead, you need to change your keyboard shortcuts.
In Photoshop select edit > keyboard shortcuts
and then scroll down till you find "Hide Photoshop".
Next scroll further down to View > Show and in there you find 'Selection Edges'.
Click in and type "cmd H" and you'll see ⌘-H. Click OK and you're done.