The most encouraging post I have ever seen online about passing

Alright so I clicked on it. Encouraging? Yes Credible? We’ll never be sure…
 
Here is the direct imgur link..
http://m.imgur.com/7t2Vmkf
The TLDR version is that guy never got above 49% on mocks, almost turned around and went home on exam date.. was so sure he failed he didn’t bother to check until he went to register to retake when the site was said register for LV 3..
Since the exam last month, I come on here to give myself reasons I outperformed the candidate pool and passed .. Some days I wake up confident and other days depressed that I just lost another year of my life.
The post I found on Reddit gives me hope!
 
he got ridiculously lucky, nothing else. this is like an anti-inspiration story; not sure how this is encouraging. he clearly did not deserve to pass, so imo it shouldn’t be celebrated that he did.
 
Knowing you’ve put 500hrs and might fail when that joke passed on a sedated state, yeah that’s so encouraging.
 
^the thing you missed is that he was doing SOA exams in parallel. there is some overlap, in fact the CFA counts as an exemption for some papers.
Although SOA doesn’t cover crap like lifo/fifo he would have aced FI, derivs, quant etc. also general exam technique would have better than the average.
 
^doesnt change fact that he couldn’t break 50% on practice exams..
For me the bottom line is that.”There’s always a chance!”
 
I think if you scored above 55% on mocks, you have a shot at passing. Worse case, you’ll fail Band 8 or 9 and go in better prepared next year. My personal prediction is I failed Band 9. I know I got crushed on Quant, PM, FI, and Deriv. 3 more weeks…
 
SHoot85 wrote:
he got ridiculously lucky, nothing else. this is like an anti-inspiration story; not sure how this is encouraging. he clearly did not deserve to pass, so imo it shouldn’t be celebrated that he did.
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Agree. And in reality, this post does nothing except either give you a false sense of hope, or worse, it makes someone feel like they can take it easy on the studying and probably still do fine.
 
CFALOBO wrote:
I think if you scored above 55% on mocks, you have a shot at passing. Worse case, you’ll fail Band 8 or 9 and go in better prepared next year. My personal prediction is I failed Band 9. I know I got crushed on Quant, PM, FI, and Deriv. 3 more weeks…
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Exactly how I feel. Was doing 55-60% on CFAI mocks, felt good on some vignettes, but got killed on the same ones you mentioned.
 
calvol wrote:
CFALOBO wrote:
I think if you scored above 55% on mocks, you have a shot at passing. Worse case, you’ll fail Band 8 or 9 and go in better prepared next year. My personal prediction is I failed Band 9. I know I got crushed on Quant, PM, FI, and Deriv. 3 more weeks…
Click to expand...
Exactly how I feel. Was doing 55-60% on CFAI mocks, felt good on some vignettes, but got killed on the same ones you mentioned.
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I think if you scored >70 in Equity and Ethics and >66% on FRA and Corp. Finance, you should be golden even if you bombed two subjects. 55-60% consistently on mocks probably means pass as I know of someone who never scored above 58% on L2 mocks and passed on the first attempt.
 
How you scored your points is just as important as what your score was in terms of predictive power. The Mock had a number of questions with ridiculous ‘gotchas’ that would never fly on the real thing and the real thing had a number of simple, fundamental questions that werent represented by the mocks.
He may have a reasonable fundamental understanding of most of the topics and was able to get 90% of the steps right on the mock but since he didnt cover the material from CFAI, missed the almost meaningless details that the mocks focused on - points he’d pick up on the real thing.
Regardless, a single sample from a 120 question, 3 choice MC test on topics spanning 3000 pages is not going to be particularly predictive, especially since he took a different mock and different exam than all of us.
 
itera wrote:
SHoot85 wrote:
he got ridiculously lucky, nothing else. this is like an anti-inspiration story; not sure how this is encouraging. he clearly did not deserve to pass, so imo it shouldn’t be celebrated that he did.
Click to expand...
Agree. And in reality, this post does nothing except either give you a false sense of hope, or worse, it makes someone feel like they can take it easy on the studying and probably still do fine.
Click to expand...
Pretty much how I approached L1 the first time through. I registered late and then basically reflected back on my experience in college where I could kind of slack off but still get by by cramming late in the game.
Getting that fail email was the best thing that ever happened to me though, to be honest. Totally changed not only my prep for the L1 re-take and L2 this year, but how I approached a lot of things at work and beyond. Great reality check.
So yeah, to reiterate: this topic is crazy stupid.
 
This is almost as “inspiring” as saying that because you took the exam, you can pass. What if he just happened to get extremely lucky with his guesses (because it is possible)? How inspiring would it be to read the posts of someone who thought they would pass but failed, even though they prepared fully?
Inspiration is what you need to practice properly–it’s too late to practice, and this isn’t even inspiration…
Sorry to be another Debbie downer!
 
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