you may well be right there's been plenty of days when I ended up with my head in my hands bemoaning "Goddamn, I wish I was the broker instead of the customer."
If you'd like to look at my trading plan and provide the conditions under which it would fail, I'd be happy to review them: If You Can Draw A Straight Line . . .
I would agree. I honestly don't believe anyone who says a strategy is fail proof, usually doesn't end well. Ends with tears and no money left over from all the leverage. An example would be Long-Term Capital Management. They thought they were invincible. They had a good run until the 'impossible' happened. I actually think someone even wrote a book on the fund, but I sadly don't remember the name of it.
When ego reigns supreme, the descent of Long-Term Capital Management to Short-Term Capital Mismanagement. Sorry. Can't resist..............
There is a big difference between intra day traders who end the day flat vrs large hedge funds who hold positions overnight and for extended periods of time though.