With February coming close to an end the CFA candidates across all levels have only another 3 months for CFA exam preparation. This is usually the time when people start getting stressed. Depending on personality types this can both be positive or negative. I thought that it might be helpful if I gave a bit of general guidance during for this time.
1. Accept that stress is normal during CFA exam preparation: Whether you are a level 1, 2 or 3 candidate stress will definitely be there during preparation. It also would not matter whether you have just started the syllabus or finished it twice already. The CFA curriculum (mainly in level 2 and level 3) is so vast that it is bound to overwhelm people. While studying one topic you will surely feel that you forgot everything you read in the last chapter.
The reality is that this stress is quite normal and you need to accept it. Almost 90% or more candidates are going through the same thing to some extent or the other. Once you accept it, it becomes easier to handle.
2. Modify your strategy appropriately: The next step is to analyze where you stand with regards to preparation. If you are following your targets then just keep doing that. If you are lagging behind make sure you put in some extra effort to catch up.
3. Do not give up: My last advice would be to not give up under any circumstances. You have already paid for the exam. So at least try your best even if you cannot pass. You will at least get some knowledge which you can use sometime or the other in your life.
Furthermore, the CFA exam can be quite puzzling at times. You might think that you are unable to remember or comprehend that material but usually it all comes together during the final two weeks before the exam when you are revising the material.
During my level 2 preparation I probably read Derivatives 3-4 times and still did not understand it. My AM session was horrible in the real exam and I was quite sure I would fail.
I ended up getting above 70 in nine topics and between 50 to 70 in one!!!