How to Make 'Quick Money' in This Market: Stock Picker
How should investors be positioned in this volatile market environment? Scott Redler, chief strategic officer at T3live.com, shared his best plays.
“We’re trying to navigate the ranges of this market—we’ve had 8 moves of 5 to 10 percent in less than 2 to 10 days so far this year, and we’re down 3 percent,” Redler told CNBC.
“So there’s quick money to be made following the short-term trend.”
Redler said investors should be active and use quick 1- to 3-day strategies because “that’s all the market is rewarding you for.”
Scorecard—What He Said:
- Redler's Previous Appearance on CNBC (Aug. 12, 2010)
More Market Intelligence:
- Art Cashin: Hindenburg Omen to Play Out in 3-4 Weeks
- How to Play the Rising Volatility: Stock Picker
- S&P Will Reach 1250—Invest Here: Chief Investor
CNBC Data Pages:
Monday's Top Dow Gainers (As of Mid-Morning):
No immediate information was available for Redler or his firm.