This 25-Year-Old Made $31,000 Using Astrology to Trade Stocks | Wilnesh News

Mercury Retrograde – So How Much Should You Invest in Certain Stocks Today?

That’s the daily assessment of Stefaniya Nova, 25, who claims to have made $31,000 in profits over the past three to four months using astrology to pick stocks.

Nova is not alone, approximately 62% of Gen Z Survey conducted by Harris Poll Believe in astrology in 2024. this Global Astrology Industry This number is expected to grow 78% from 2021 to $22.8 billion by 2031, according to a report from Allied Market Research

Nova, whose TikTok account is @blonderichwitch, is one of many astrologers Who is Brought to TikTok Give suggestion where to store money and How to create more wealth Based on birth chart and other astrology signs.

Every morning, she scans the market for stocks she plans to trade that day. She then pulls out a tarot card to guide her strategy, keeping in mind the positions of the stars.

Since Nova quit her job as a tarot card reader to become a day trader, the process has helped her earn more than $30,000 in a few months.

Other industry tools? Her intuition.

“I don’t rely so much on the news. It creates noise in my head… I look at the stocks. I try to see what my gut is telling me: What do I expect to happen? I rely more on myself,” she added.

While using astrology to invest may have worked for Nova so far, it may not be in your interest to follow suit, especially with the proliferation of “experts” Providing financial advice on TikTok and YouTube.

So while you may find advice on: Like, using lunar cycles to gauge when to buy Bitcoinit’s best not to be swayed by it.

Take 24-year-old astrologer Dr. Racso as an example. As a result of trading based on astrological analysis, the doctor lost all his money – $440,000 and went into debt. According to video interviews released this year. Lakoso, real name is Min Kant Thawdid not respond to CNBC’s request for comment.

More than 70% of Generation Z (those born between 1997 and 2012) live in the United States Invest in stocks to make them their preferred investment assetso it becomes even more important to adopt a reasonable investment strategy.

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

“There are other avenues of self-awareness for which the evidence of their effectiveness is (more) solid,” the financial behavior expert told CNBC.

Financial experts interviewed by CNBC noted that there may often be confirmation bias that leads people to trust astrology when investing. This phenomenon has been described as the tendency to adopt new evidence to confirm one’s existing theories or beliefs. That, plus pure chance.

Byoung-Hyoun Hwang, associate professor of finance at Nanyang Technological University, said: “If thousands of people flip a coin, some of them will definitely achieve the ‘impressive’ feat of getting heads 20 times in a row.”

He warned against relying on it to make investment decisions.

“I haven’t seen any conclusive evidence that fortune telling can reliably predict the future, let alone a company’s future performance,” the associate professor said.

Nova is dismissive of those who disagree: “Everyone will find their own way (and) it’s all about finding what works for you.”

Want to make some extra money outside of your day job? register CNBC’s New Online Course How to Earn Passive Income Online Learn about common passive income streams, tips for getting started, and real-life success stories.

add, Subscribe to the CNBC Make It Newsletter Get tips and tricks for success in work, money, and life.