Level 3 silly mistakes you did in the mock exams – something to learn from!

Question

Hi all, just thought posting this may be useful for all candidates, given it's the practice exam season. May be useful to start one for each level Hopefully we'll get a nice list of not-to-do's for the exam. Plus we all can blow some steam here a little  :s  So I'll have a go first:My main mistake is rushing through the reading and misreading 'least likely' and 'most likely' in questions. Garghhhh

fp92 · Answer

Good idea @cfachris, although I'm only a L1 candidate, I did mess up the currency exchange notation and hopefully this is helpful for L3 (and L2) readers out there as well.Just copying down @Sophie's helpful clarification in my other post (https://forum/.300hours.com/discussion/3572/cfai-currency-quotation-confusion-foreign-vs-domestic-currency#latest), in CFAI curriculum (for exam's purposes):EUR/USD = 1.2 means 1 USD = EUR 1.2. Just read the slash (/) as EUR 1.2 per USD 1EUR:USD = 1.2 means USD 1.2 = EUR 1, i.e. equals USD/EUR = 1.2. So the colon (:) is directionally opposite to using a slash (/), i.e. EUR:USD = USD/EUR in CFAI curriculum.

cfachris · Answer

Adding another which I made a mistake on: I forgot to subtract required rate of return when calculating alpha  :s