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hi there, L2 candidate here. just did my 1st practice paper (disaster) and remember how it felt last time. here’s what I think (not an expert tho):
1) seems on track time wise.
2) it’s not just blasting through practice papers, but doing a set of papers, reviewing and then revise those sections (and hopefully not get them wrong ever again). repeat. this can take time if you’re aiming for a few sets of practice papers.
3) i don’t think there’s anything throwaway-able. every point counts! all i can say is the important ones are FRA, ethics, quantitative methods, fixed income.
4) do you make notes yourself? if not, you may want to get materials such as secret sauce for this.
5) i remember reading somewhere that 70% should be a comfortable pass, but only hit 60-65% last year during my level 1 practice exams… luckily that was enough for me to scrape through 1st time.