With a little over one month left to go before exam day, now is an excellent time to take stock. Spring is beginning, many have recently or will soon be celebrating holidays and religious ceremonies, and winter is quickly fading behind us (I guess that would be summer for those of you in the southern hemisphere). Now is the time to get serious!
Hopefully you have been able to make some time every week to devote to studying Technical Analysis and covering the assigned reading proposed by the Market Technicians Association. Knowing what you have covered, and what you still have to cover, is an essential part of the preparation process. The number of books and amount of total pages can be daunting. Hopefully you have been using our Reading Plan to guide your studies by topic (rather than book-to-book) – though we know some of you still prefer or find it more convenient to read one book at a time.
An excellent way to measure your progress and simultaneously plan for the future is to calculate the number of pages you have read versus the number you have left to read. This way you can alter your reading schedule to fit into your new time frame. For example, if you are behind by 250 pages, and you have 25 days until your review date begins, you know you will need to read on average 10 additional pages each day in order to meet your review date deadline.
It is important to leave time to review before the actual exam. You definitely do not want to be finishing up the last page of your assigned reading the night before the exam. A good amount of time to review is two to three weeks, however, if you spend a lot of time reviewing in the final week before your exam you can achieve the same effect in the short-term. For longer-term retention, a firmer grasp and deeper knowledge of the concepts covered, a less hurried and more relaxed review session is highly recommended by Market Tech Lab. However, if you do not have the time for this, all is not lost. You will have an additional opportunity to brush up on concepts covered in the Level 1 exam when you are preparing for your Level 2 exam.
Stay curious. Stay technically inclined. Remember, Technical Analysis is a study of probabilities and market history, and many have been in your shoes before you. Keep reading!