Roflnadal

The L3 material is pretty easy to read through and in many ways tedious because you will keep seeing the same concepts show up in different readings and your first impulse is to say "Alright! I get it already". You don't have a lot of time to think on the AM session. You basically have to be prepared to read the question and ready to answer immediately and the tricky part over here is that your answer must contain the key phrases that the CFAI is looking for. I thought that I aced the Risk Management section on the AM session but I failed it. So don't get too carried away writing long answers. They are probably not going to wade through them. There will be some oddball questions and if you are well prepared and can't comprehend the question, jut move on and come back.The odds are that the other candidates are struggling with that question as well. It's very important to not get hung on a particular question and run the risk of not finishing the exam. Manage your time carefully.

Looking back, if I could change my preparation, I would have done the following things:
- Summarized each LOS in my own words and used that as review material the day before the exam
- Spend the last week just revising and reviewing the material. I ended up leaving the exams to the very end. Take the actual exams under test conditions. Don't cheat and look at the answer key if the wording of a particular question does not make sense.
- I only read ethics once 5 days before the exam. Most of the material is the same as LI and LII but the questions will be trickier, so read the vignette very critically so as to not fall for the traps. Read the AMC several times from the CFAI text. Know it inside and out. It's a short chapter and will most likely show up on the exam.
- I also read GIPS just once. It's boring as hell but again those are easy points that you do not want to lose. Schweser does a decent job of summarizing the rules and remember that anything from that chapter can be tested, no matter how obscure.