This 25-year-old made $31,000 using astrology to play the market

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This 25-year-old made $31,000 using astrology to play the market

Zodiac signs inside a horoscope circle.

Sarayut Thaneerat | Moment | Getty Images

Mercury is in retrograde — so just how much money should you invest in certain stocks today?

That is the kind of assessment 25-year-old Stefaniya Nova makes on a day-to-day basis — and she claims to have made $31,000 in profits using astrology to pick stocks in the past three to four months. 

Nova is not alone, about 62% of Gen Zers

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in 2024 believe in astrology. The

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is expected to grow 78% from 2021 to $22.8 billion by 2031, a report by Allied Market Research showed

Nova, who goes by the TikTok handle @blonderichwitch, is one of

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who are

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to dole out advice on

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and

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based on birth charts and other astrological signs. 

Every morning she scans the market to sift out the stocks she intends to trade for the day. Then she pulls out a tarot card to guide her strategy, keeping in mind the placement of the stars.

This process has helped Nova rake in over $30,000 in the span of a few months since she quit her job as a tarot reader to become a day trader.

Other tools of the trade? Her intuition.

“I don’t rely heavily on the news. It creates a noise in my head…  I look at the stock. I try to see what my intuition tells me: what do I expect to happen? I rely more on myself,” she added.

While using astrology to invest might have worked out for Nova — thus far — it may not be in your interest to follow suit, especially at a time when there has been a proliferation of ‘experts’

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.

So, while you may find advice on,

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, it’s best to not get swayed by it.

Take 24-year-old astrologer who goes by the name Doctor Racso. The doctor lost all his money — $440,0000 — and went into debt due to trading based on his astrological analysis,

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. Racso, whose real name is

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, did not respond to CNBC’s request for comment.

I look at the stock. I try to see what my intuition tells me: what do I expect to happen?

Stefaniya Nova

25-year-old day trader

‘Not optimal’

More than 70% of Gen Zers — those born between 1997 and 2012 — in the U.S.

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, so it becomes all the more important to resort to sound investment strategies.

Relying on astrology for financial decisions is “neither optimal nor ideal,” said Natasha Knox, founder of Alaphia Financial Wellness.

“There are other avenues of self knowledge where the evidence of their efficacy is [more] robust,” the financial behavior specialist told CNBC. 

The financial specialists who CNBC spoke to noted that oftentimes there could be confirmation bias at play which drives people to trust astrology for investing. The phenomenon is described as the tendency to ascribe fresh evidence to confirm one’s existing theory or belief. That, combined with pure chance.

Even if fortune telling doesn’t work, with enough people trying it, some will have impressive results purely by chance.

Byoung-Hyoun Hwang

associate professor at NTU

“If you have thousands of people flipping coins, some are bound to achieve the ‘impressive’ feat of getting heads 20 times in a row,” Byoung-Hyoun Hwang, an associate professor of finance at Nanyang Technological University said.

He cautioned against relying on it for investment decisions.

“I have yet to see any solid evidence that fortune telling can reliably predict the future, let alone a company’s future performance,” the associate professor said.

Nova brushes aside the dissenters: “Everybody finds their own method [and] what works for them. It all comes down to finding what speaks to you.”

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#25yearold #astrology #play #market

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