The fact that i have no chance in hell to clear the exam has hit me now - real hard. At this point i cant get myself to make up my mind to take the test !!!
Give yourself the shot atleast… By the amount of studying and preparing you’ve been doing lately, it seems like you actually are much more prepared than you think. Best of luck!!!
I was in your shoes last year. Take the test for the following reasons a) It will put the fear of god in you so you study your ass off next year and know what to expect b) Helps with the curve and makes the rest of us look better (trust me - this time next year you will wish the same thing on others in your shoes so it is just the nice guy thing to do!)
the biggest mental block is I have never flunked an exam till now - so its hard to accept it. But i believe thats the case with most of them who fail the exam … On fear of God - its already done that !!!
CFA_Chap Wrote: ------------------------------------------------------- > I was in your shoes last year. Take the test for > the following reasons > > a) It will put the fear of god in you so you study > your ass off next year and know what to expect > > b) Helps with the curve and makes the rest of us > look better (trust me - this time next year you > will wish the same thing on others in your shoes > so it is just the nice guy thing to do!) +1
I graduated cum laude and all that shit… never failed a thing in my life and failed level 2 last year. It sucks. Write the exam, lick your wounds and your pride after then nail it next year.
yeah cfa_chap. you are doing the nice thing by telling us your story. it also makes me feel better to know that cum laude’s of the worlds are failing the exam, so its okay for a bum like to me to fail.
Dude its odd to say something like " I have never flunked an exam" when you seem to be a quitter
the only exams i flunked were history related to some 400-500 years old lebanese history stories lol … Level 2 should be proud to be placed next to those exams.
it’s a free call option at this point (your cost is sunk). you’d be crazy not to at least exercise it. if the exam gets curved hard and you get some lucky guesses you could seriously pass.
prophets put it in the best … try to take away whatever you want from it …
late_starter Wrote: ------------------------------------------------------- > the biggest mental block is I have never flunked > an exam till now - so its hard to accept it. But i > believe thats the case with most of them who fail > the exam … > > On fear of God - its already done that !!! Late Starter, I’m the same as you. I did a little bit of study the first year I took it, figured that I had never failed an exam I studied for, and failed. But it was really good exposure to not only the material, but the format of the exam and for what to expect. Sit the exam, you might be one of the people who guesses correct!
try to think how many points you can collect instead of how many points you are going to loose. it should be a real mock exam if anything else fails. good luck nevertheless!
The way to pass in your shoes is just to answer the choices you are 100% on. Guess on the others you are unsure even if you think it’s A.
I am in state where i think an extra week of prep might have helped to just make it. thats what makes it worse
Same boat. It was Wednesday morning when I realized I had no shot. Spent all day Wednesday pissed off and could not focus on anything, let alone the material. Skimmed the last day or two but it’s just to look busy in front of the wife. My thoughts are this… I will sit for the exam and spend all three hours of both sessions in that chair working on problems. Generously assuming that I can get 40% of the questions correct at this point based on what I know. Then if I can somehow guess correctly on 50% of the remaining 60% that puts me at 70% and on to L3. Can anyone tell me the odds of getting 36 right out of 72 when it’s an equal 33.3% chance of winning?
late_starter Wrote: ------------------------------------------------------- > I am in state where i think an extra week of prep > might have helped to just make it. thats what > makes it worse Statistically, if it’s true that an extra week can help you significantly, it would tell us that your expected outcome should only be slightly below passing. However, due to the fact exams like this vary greatly with much emphasis on spot checking as opposed to comprehensive testing, the volatility would increase the chance of your “free call option” being in the money. As volatility goes up, your chance of passing increases. You’d be a fool to miss out on this opportunity. Good luck. 
It would be pretty ironic if this guy scored 100% by dumb luck, and then screwed us all on the bell curve though… unlikely yet marginally possible occurence
“I graduated cum laude and all that @#$%&… never failed a thing in my life and failed level 2 last year. It sucks. Write the exam, lick your wounds and your pride after then nail it next year.” I almost got kicked out of college :-). Passed my CPA exam on the first try, and Level 1–but I’ve failed in other things (college) due to lack of preparation / drive. I studied a lot more for this than I did for L1, I hope it’s enough. Been a long time since I tasted the bitter-sweet flavor of failure… My sincerest wishes to all of you. Luck and a good attitude make up for a lot, so let’s do this thing! We can all come back next year if need be…