NB: This is to clear any kind of possible misconceptions.
Now when talking about hardware wallet one have to be very open minded. Apart from the fact that is isn't beginners friendly and also that it is expensive, one should also note that it isn’t perfect(No wallet at all is 100% foolproof). Like any electronic device, hardware wallets can malfunction, get damaged, or even get lost or stolen. And also, if one forgets or  misplaces his/her recovery seed, the whole funds is gone, there is no “reset password” button.

That is why the main focus of every traders shouldn't just be on reliable and perfect wallet like the hardware wallet or a personal wallet but also on properly backing up his/her wallet’s seed phrase, coz your seedphrase is the real key to your funds