There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay attention to this kind of overstimulation is the height of madness, even for professional traders. The most storied and important trader who ever lived, Jesse Livermore, would be tuning these daily buy-and-sell calls out were he still alive and operating, because while he was a trader he was not of the mindset that there was always some kind of action to be taking. Jesse Livermore's legacy is a bit of a double-edged sword … ... (full story)