The question is harder than it might appear.
You ask "if the [something] is always moving in between $1$ and $-1$ shouldn't the summation equal $0$?" So consider:
$$
1 + (-1) + 1 + (-1)+\cdots.
$$
The sum of the series is defined as the limit of the sequence of partial sums (or subtotals), and that sequence keeps alternating between $1$ and $0$, so it has no limit.
Sometimes one considers the limit of the average of the first $n$ partial sums, and that does indeed go to $0$.
But how does one know that $\cos(n\theta)$ actually keeps going back and forth between $1$ and $-1$? That's the hard part. It has a subsequence that approaches $1$; it has another subsequence that approaches $-1$; and for any number you pick between those two, it has a subsequence approaching that number. Proving that is not as easy as anything that can be done by methods used in courses where these concepts are first introduced. Unless you want a very long proof.