CFA CFA Level 1 All books down… practice now?

All books down… practice now?

  • This topic has 4 replies, 4 voices, and was last updated Dec-17 by ec_test.
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    • wm247
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      So, I have finished reading all the books and later taking the first practice exam with result…. 31%! :'(

      ….then I think to myself, dammit I’m screwed.

      Two more months to assess my strengths and weaknesses; I’m praying day and night I’ll improve to around 70% throughout the last 8 weeks before the judgment day.

      Anybody else here in similar situation, please share so I can assure myself that I am not alone in this journey. 🙁

    • hairyfairy
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      The blog covered this before: 

      Got a Really Low Score on Your Practice Exam? Here’s 4 Reasons to Not Worry & How to Improve

      It’s quite common to suck your first time around – I didn’t grade my first paper in L1, hehe. Don’t let it get you down and focus on improving – it’ll come quite quickly!

    • jessmat
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      @wm247‌ 

      Hey! Look at it this way – the fact that you’ve gone through the entire material once, is better than people like me, who are still struggling to wade through the LOS pool and reach the destination Mock Tests. The fact that you’ve given one mock, is muuuuccchhh better! You have 2 months; you’re gonna do just fine! 

      Don’t stress too much about that 31%. Just like weight and age, 31 is also just a number :smiley: 

      Consider this mock as your benchmark. Now analyse it thoroughly and identify not only your weak subjects, but if possible, also specific readings within those subjects. So you’ll have a clear idea about what you know, and what you don’t and that will help you plan the next couple of weeks. 

      For the identified weak spots, read through the summaries (your own if you’ve made or the eoc summaries in schweser/cfai). Then revise the formulae. Then work through a Qbank (if you don’t have one, then you can choose from the various third party providers available depending on your needs).

      Now depending on the Qbank results,  assess whether you’ve improved or some further work needs to be done. For areas where further work needs to be done, consider reading that part again from your base study material. If you have any doubts, you can always post them here!  I’m sure you’ll get answers. 

      After you’ve done this, just quickly revise your strong areas and then give a mock again. After correcting that mock, repeat the above process. 

      And definitely read through the blog post link, which @hairyfairy‌ has shared above.  

      Hope this helps! 

      Jessica.

    • jessmat
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      You could also, classify your mistakes into the following categories: 

      1. Silly Mistakes
      2. Lack of understanding/conceptual clarity
      3. Lack of retention

      For category 1 – There’s hardly anything that I can say here which you don’t already know. Pay attention while reading the question and don’t mark off an answer in a hurry. Take a second or two to consider your answer before marking it off.

      For category 2 and 3- I’ve already explained how to go about them in my post before this.

      For improving retention – repeated revision and practising questions are the most effective ways. 

      Hope this helps,  

      Jessica

    • ec_test
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      Don’t worry about it. Keep taking mock tests, see where your weaknesses are, and improve them. You have plenty of time 😉 

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