Jesse Livermore was perhaps the most important financial trader who ever lived, according to Joshua Brown on the website

He learnt the value of not trading. The feeling that you must be doing something, that you must make money every day, is responsible for many losses for both professionals and consumers. Beware of advisors who encourage regular changes to your pension, as the cost of this alone becomes a bigger hurdle to jump.

Livermore said “Money is made by sitting, not trading…Buy right, sit tight”.