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.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.
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'I look at the stock. I try to see what my intuition tells me: what do I expect to happen?Relying on astrology for financial decisions is "neither optimal nor ideal," said Natasha Knox, founder of Alaphia Financial Wellness.
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.