标题: What costly mistakes should be avoided in Level 3 preparation? [打印本页] 作者: Micholien 时间: 2011-8-13 22:36 标题: What costly mistakes should be avoided in Level 3 preparation?
Hello Experienced Level 3 Candidates !!! Best of luck for the result !!!
What costly mistakes should be avoided in Level 3 preparation?
Thanks in advance.作者: onelife1 时间: 2011-8-13 22:44
Bypass IPS作者: wake2000 时间: 2011-8-13 22:53
Focusing too much on Schweser and ignoring CFAI Text. of course not many on this forum can really say anything for sure for another 11 days作者: eoin 时间: 2011-8-13 23:02
not asking this question 11 months before the test.作者: HuskyGrad2010 时间: 2011-8-13 23:11
overconfidence作者: kingstongal 时间: 2011-8-13 23:19
Nervousness作者: profil 时间: 2011-8-13 23:28
I wish someone had told me to check for answer templates in L3 before writing down the answers on the blank pages. In the 2010 exam, many of the questions had writing space between the questions and the answer templates. So, I would write down all the answers only to find that I had written them in the wrong place.作者: Zestt 时间: 2011-8-13 23:37
AYOID: Lack of practice with the constructive response format in the AM Section.
Almost everyone will make big mistakes in the AM. Make those mistakes in practice and mock exams and aviod them in the big June exam作者: rohitdoshi 时间: 2011-8-13 23:46
SchweserPro QBank was a costly mistake I should have avoided作者: RepoToronto 时间: 2011-8-13 23:54
I would've really liked to have seen practice exams with the actual format of the answer book for the morning session. I wasted a lot of time by hurrying and not originally answering questions in the proper place and having to recopy answers. neither cfai or schweser helped much in that regard.作者: ayodayo 时间: 2011-8-13 23:59
Not being critical enough of your ability to answer the written AM questions... you need to practice this and force yourself to write answers out as opposed to reading them and thinking that you get it.作者: former 时间: 2011-8-14 00:08
More practice with the AM session - I found I needed to learn how to be more direct with my answers so I don't waste precious time which you will need for the morning. Also, try getting use to the essay type questions because it requires a higher level of thinking in comparison to level 2 with all mc where you easily recognize the answers which makes it easier. Level 3 am is all writing so that means you need to know the material cold to answer them. You get part marks but you don't get marks for bull-shitting. So be direct.作者: chunty 时间: 2011-8-14 00:17
apparently many people get confused on exam day as to where to write your answers - they must be written on your answer templates, or else they will not be graded (as in, answers written underneath the questions will not be graded)作者: cv4cfa 时间: 2011-8-14 00:25
[I am talking about the AM session here]
when you see the previous year's papers provided - please pay heed to the "page numbers" on the exam questions. CFAI definitely removes the blank pages where you answer, however they leave the template pages in.
so if you are "observant" you will substitute "ruled pages" -- as many number as the page number indicates between your "question pages", not answer on the question paper itself, use that page just like in the exam - to make ur notes and not get into the same trouble that 4-5 folks on the forum got into while at the final attempt (2011 Jun 4).
CP
Edited 1 time(s). Last edit at Friday, August 5, 2011 at 01:36PM by cpk123.作者: DarienHacker 时间: 2011-8-14 00:34
Oversleeping.
Not writing the answers in the correct places.作者: Muddahudda 时间: 2011-8-14 00:43
Don't spend your time focusing on specific areas. You really don't know what will or won't show up on the exam. L1 was gameable, L2 a little bit less. L3, not so much. Everything is intertwined.
NO EXCUSES作者: Houjichasan 时间: 2011-8-14 00:52
spending too much time on an essay question in which you havent a clue how to answer.......MOVE ON!作者: dmrktrading 时间: 2011-8-14 01:00
SkipE99 Wrote:
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> Focusing too much on Schweser and ignoring CFAI
> Text. of course not many on this forum can really
> say anything for sure for another 11 days
So do you feel that it's even worth using Schweser at all for Level III? For Level I and Level II my strategy was to read all the CFAI books first then go through all of the Schweser books, but this time around the AM portion has me a bit worried. Do you think I'd be better off going through CFAI twice instead of CFAI once and Schweser once?作者: LorrinCFA 时间: 2011-8-14 01:09
ask me again in 10 days...GULP作者: hw0799 时间: 2011-8-14 01:18
My lessons from level 3 are the following:
1) Really really budget time. I got killed on the essay section - make sure you at least make it through all the sections.
2) Don't skip anything. While you may have to focus on core areas (IE: Fixed Income, Asset Allocation), at least have read EVERYTHING at least once and make sure you understand the main concepts.
3) Do tons of problems/practice tests. And make sure you've simulated a real testing environment time wise for the essay portion. It will force you to read through the passages quickly and answer efficiently which will maximize your chances of passing.
I'm pissed because I felt decently prepared for the test, did well on the multiple choice, but because of my unfamiliarity with the essay section and inefficiency stemming from my lack of practice, I ended up answering half the essay questions VERY thoroughly but ran out of time and left 3 (or 4?) sections entirely BLANK. What a DUM-ASS.
Don't make the same mistake I did - the essay portion is completely different and needs to be practiced.
Edited 1 time(s). Last edit at Friday, August 5, 2011 at 07:28PM by wangta01.作者: Andreas42 时间: 2011-8-14 01:27
What costly mistakes should be avoided in Level 3 preparation----
Well one obviously pops in to my mind...bombarding L3 candidates awaiting results in less than two weeks of getting L2 results. A very costly mistake indeed作者: kingstongal 时间: 2011-8-14 01:35
ohai Wrote:
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> I wish someone had told me to check for answer
> templates in L3 before writing down the answers on
> the blank pages. In the 2010 exam, many of the
> questions had writing space between the questions
> and the answer templates. So, I would write down
> all the answers only to find that I had written
> them in the wrong place.
THIS IS THE BIGGEST MISTAKE YOU CAN MAKE. Listen to my man Ohai on this one.
THERE ARE PEOPLE WHO KNEW THE MATERIAL COLD AND MAY FAIL FOR WRITING IN THE WRONG SPACE.
Hopefully CFAI takes the criticism of me and other people and puts the ACTUAL format of the exam into the prior years ams. That was difficult for me and cost me probably 10 minutes in the am.
MINUTES ARE PRECIOUS IN THE AM DON'T WASTE THEM
REWRITING OR BEING CONFUSED.
I'll be back regardless to results next may to harp on this.
_____________________________________________________
-My friend QQQbbe, we will never forget you.作者: SpyAli 时间: 2011-8-14 01:44
Schweser is a mistake. AVOID IT.作者: eoin 时间: 2011-8-14 01:53
Expand on that please.
bell99 Wrote:
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> Schweser is a mistake. AVOID IT.作者: Andreas42 时间: 2011-8-14 02:02
Time it when you do the past AM exams.作者: pawn 时间: 2011-8-14 02:11
mcap11 Wrote:
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> spending too much time on an essay question in
> which you havent a clue how to answer.......MOVE
> ON!
exactly, answer the low hanging fruit first then go back to the difficult questions... there's nothing worse than NOT being able to answer an essay question you know cold because time ran out.
