Good monitoring is systematic rather than reactive. Set a predetermined review schedule, quarterly works for most people, and stick to it regardless of whether markets have been exciting or boring. During each review, check whether your actual allocation has drifted significantly from your target, whether any fundamental changes in your personal situation affect your financial plan, and whether you're on track toward your specific goal. Between scheduled reviews, the ideal behavior is essentially not checking at all, which protects you from the emotional reactivity that frequent checking reliably produces.