Traders who're in search of to capitalize on the inventory market's current steep declines should be disciplined, Financial institution of America Vice Chairman Keith Banks mentioned Tuesday. 

"I believe lots of people try to get intelligent and time the market," Banks mentioned on "Squawk Field." "The fact is, it is time available in the market, not timing the market."

Banks mentioned the sort of coronavirus-driven market volatility seen since mid-February attracts the eye of buyers. However consideration does not essentially result in fine-tuned decision-making, he added.  "There's this gravitational pull when the markets are gyrating round, individuals wish to promote when the market is getting hit actually unhealthy or they suppose they're lacking it when markets begin to go up so much, and also you are likely to do the unsuitable factor on the unsuitable time."

Dow futures had been pointing to an over 200-point drop at Tuesday's open, the ultimate day of the turbulent first quarter. The Dow Jones Industrial Common rose 3% on Monday up over 20% from its coronavirus...