Technical Analysis Is Mostly Bullshit

Why Flipping a Coin Is a Better Strategy Than Using Technical Analysis in the Financial, Stock, and Forex Markets

By: Tim Morris

Narrated by: Andrew Burkum

Length: 1 hr and 26 mins

Publisher's Summary

What if technical analysis is a lie? As in something that doesn't work and never has....

Look at all the courses on the internet claiming you will be a millionaire by using technical analysis! How can someone with just $500 in their bank account make $100,000 in three days? And all you have to do is look for a pattern on a chart and follow their advice. Seems too good to be true? That's because it is!

Hi, my name is Tim Morris. I've been trading stocks for many years, and have a great bit of experience in the markets. I'm here today to cut through the lies, and give you the cold hard truth about technical analysis. The truth other "educators" won't tell you. The truth you deserve to know. That technical analysis is complete bullshit!

As a bonus, you'll receive my special report Crush the Market! This report goes over 14 beneficial tips I have learned in my trading career that will help keep your account profitable in the stock market. This report is not sold separately, and only available to buyers of this audiobook.

I wish I knew all this information years ago. No where else on the web will you find what I reveal in this book!

Young or old, experienced chartist or brand-new trader, everyone will learn new information in this book. Buy now, and get your copy of Technical Analysis Is Mostly Bullshit right now!

©2021 Tim Morris (P)2021 ZML Corp LLC

The preview sums it up. Not worth a full buy.

My only complaint with the rhetoric is the writer seems to be hyper focused on the idea of false pattern recognition. That’s the entire argument of every the book. He seems to think that technicians believe in their method because of some sort of magical science. However he touched based very briefly on the real reason TA works: self fulfilling prophecy. The technical analysis itself doesn’t work, it works on some level because true technical analysis is the study of human psychology and behavior. Candlestick patterns are not the expectation that there “is a wizard magically moving the price”, they are rather a pattern of human emotions, overextended greed followed by rejection etc.

He complains about the people making money on their TA training and books and getting rich off of “selling dreams”. Meanwhile he does just this in this book. Just listen to the preview, he doesn’t really expand any more on his opinion other than his belief that it’s mostly false pattern recognition, which I would agree with, but there is some undeniable truth patterning human psychology.

One Of The Most Honest Book Very straightforward

This is one of the most honest book I've read/audible about technical Analysis. The book is nice, sweet and very short. I recommend anyone who wants to hear the truth about technical analysis and why you can't make money with it. why you lose every time and why you keep hoping from new technical indicators to the next garbage one that's being sold to you by some guy/gal or guru. who does not have a financial record of making money with of any there indicators and patterns. this book is blunt and straight to the point. If your a Quant or algo trader do yourself a favor and give it a read.

Straight to the point good examples for an audio book

Very straight to the point and conclusive. This would save you many years of trail and error using technical analysis until figuring out it doesn’t work. The examples given are amazing for someone who is passively listening instead of reading.

Eye opening!

This book finally explains the number of false breakouts while using those Technical Analysis tools like MACD / RSI / Oscillators etc. Highly recomanded.

Lazy and cynical

Ironic that the author criticises those charlatan chartists who use courses and teaching media to cash in on technical analysis ideas, in a book that is very brief and light on content but presumably earns him money anyway. You might hope, as I did, that this would be fact-dense and insightful despite its brevity… but it’s not. So much more could be said or even just wondered on this topic but all I really remember of this shallow treatment is that many different graphs show similar patterns to stock charts, and that humans invent patterns where there are none (well duh!). Not knowing anything about graphs or statistics I don’t know the significance of this fact/claim but I’m sure there’s far more to be said here. And surely there’s also more to be said on certain TA tools and how they can be used, cautiously and intelligently, as part of a strategy to optimise returns.
I’m not arguing against what the author claims, but a book with such a provocative title ought to make a more solid case, and such a short book ought to provide more content for the money.