Series 7 Question

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Jun 1, 2005 1:31 pm

Hey Guys,


I just wanted to know if there are any timing considerations for the Series 7.  I mean I know it's 6 hours long and broken up into 3's.  But is it difficult finishing the exam in that amount of time, or does it not normally take that long to take it?


Just want to see how to pace, because I have it in 2 weeks.

Jun 1, 2005 1:40 pm

The 7 took me ~30-45 per half.


I was out of the testing center in 1 hour 45 minutes, including a 30 minute lunch break.

Jun 1, 2005 2:26 pm
es four:

The 7 took me ~30-45 per half.


I was out of the testing center in 1 hour 45 minutes, including a 30 minute lunch break.





I've been debriefing people who took the exams for at least thirty
years and I have never--as in NEVER--heard of anybody who finished a
half in less than two hours.



Only a moron would race through Series 7 as if it were a contest--and
people who say they took less than four hours total are liars, who for
some reason think it's cool to claim crap that never happened.

Jun 1, 2005 2:31 pm
es four:

The 7 took me ~30-45 per half.


I was out of the testing center in 1 hour 45 minutes, including a 30 minute lunch break.





That means that this liar is saying that he answered 260 questions in a
total of about 70 minutes since he did not walk in there and
immediately sit down and start taking questions.



70 minutes is 4,200 seconds.



There is no way in hell that anybody answers 260 Series 7 questions at
the clip of one every 15 seconds--four questions a minute.



You couldn't even mark every question C that fast--the machine takes time to move to the next question.



This EZ Money cretin is a joke.

Jun 1, 2005 2:37 pm
Put Trader:
es four:

The 7 took me ~30-45 per half.


I was out of the testing center in 1 hour 45 minutes, including a 30 minute lunch break.




That means that this liar is saying that he answered 260 questions in a total of about 70 minutes since he did not walk in there and immediately sit down and start taking questions.

70 minutes is 4,200 seconds.

There is no way in hell that anybody answers 260 Series 7 questions at the clip of one every 15 seconds--four questions a minute.

You couldn't even mark every question C that fast--the machine takes time to move to the next question.

This EZ Money cretin is a joke.


The fact that you don't know how to take multiple guess tests, Put, does not make everyone who does know how a de facto liar.


Once again, you capably demonstrate your ignorance.

Jun 1, 2005 2:41 pm

Regardless, I'm not trying to start an argument. I just wanted to know how long approximately each section is gonna take.  Meaning do some people not finish, etc.


So the avg is a little over 2 hours a section?



Jun 1, 2005 2:43 pm

I don't think time is a consideration.  Test taking is not my strong point but I still finished with plenty of time to spare. I think probably 2/3 of the people taking it were already done when I finished but there was still plenty of time to spare.  Worry more about studying hard.  If you do that I don't think time will be an issue. 

Jun 1, 2005 2:46 pm

My actual test time was about the same as es four.  About an 1 hour and 15 minutes.


I arrived at the testing center late.  I got there at about 10 after 9 in the morning.  I signed in, did the preview to get acclimated to the system and started the test a little before 9:30am.  I finished the first half just before 10:15am and left the testing center for about 30 minutes.  I returned and finished the second half just after 11:30am.  I passed with an 83 and hopped on the subway to go to the office.  I arrived at the office around 11:55am and everybody thought that I had overslept my test.  I produced my passing score and old folks like Put stood with mouths wide open because I had finished the test before noon.  Hell...I completed the test...left Penn Plaza...took the subway to Midtown...got through post 9/11 security...and made it to the 35th floor of the office...all before noon.  It ain't that hard.

Jun 1, 2005 3:05 pm
Dewey Cheatham:

My actual test time was about the same as es four.  About an 1 hour and 15 minutes.


I arrived at the testing center late.  I got there at about 10
after 9 in the morning.  I signed in, did the preview to get
acclimated to the system and started the test a little before
9:30am.  I finished the first half just before 10:15am and left
the testing center for about 30 minutes.  I returned and finished
the second half just after 11:30am.  I passed with an 83 and
hopped on the subway to go to the office.  I arrived at the office
around 11:55am and everybody thought that I had overslept my
test.  I produced my passing score and old folks like Put stood
with mouths wide open because I had finished the test before
noon.  Hell...I completed the test...left Penn Plaza...took the
subway to Midtown...got through post 9/11 security...and made it to the
35th floor of the office...all before noon.  It ain't that hard.





Liar.



You cannot even read the questions in 15 seconds much less read them and answer them too.



You claim to have answered 130 questions in 45 minutes (9:30 to
10:15).  That's at a clip of 3 per minute--approximately 20
seconds on each one of them.  Never happened.



Figures that a slacker liar would be late to the exam.



Everything about you POS punks is a joke.

Jun 1, 2005 3:08 pm
Grant:

Regardless, I'm not trying to start an argument. I
just wanted to know how long approximately each section is gonna
take.  Meaning do some people not finish, etc.


So the avg is a little over 2 hours a section?


The only people from our shop who ran out of time are the foreigners
who we hire to staff offices in places like Brighton Beach--or
Chinatown.


If English is your native language time will not be an issue--but
it's ridiculous to declare that it can be done at the clip of less than
30 seconds per question.


One wonders what possesses pathelogical liars to behave as they do.


What is scary is they're lying to their customers too.

Jun 1, 2005 3:34 pm
Dewey Cheatham:

My actual test time was about the same as es four.  About an 1 hour and 15 minutes.


I arrived at the testing center late.  I got there at about 10
after 9 in the morning.  I signed in, did the preview to get
acclimated to the system and started the test a little before
9:30am.  I finished the first half just before 10:15am and left
the testing center for about 30 minutes.  I returned and finished
the second half just after 11:30am.  I passed with an 83 and
hopped on the subway to go to the office.  I arrived at the office
around 11:55am and everybody thought that I had overslept my
test.  I produced my passing score and old folks like Put stood
with mouths wide open because I had finished the test before
noon.  Hell...I completed the test...left Penn Plaza...took the
subway to Midtown...got through post 9/11 security...and made it to the
35th floor of the office...all before noon.  It ain't that hard.





This is such a joke that my secretary printed it to post on the bulletin board.



I live in Clinton and know the westside like the back of my hand. 
It would be fun to hear what train you took from Penn Plaza and where
you got off

Jun 1, 2005 3:43 pm

Actually, now that I think about it, I finished taking the entire test in just under 45 minutes.  

Jun 1, 2005 3:49 pm
Malcolm:

Actually, now that I think about it, I finished
taking the entire test in just under 45 minutes.  





Sure, it doesn't take long at all if you just mark everything "A."



Ten minute for the first half, a thirty minute break, and five minutes
for the second half since you already know how it all works.

Jun 1, 2005 3:53 pm
Put Trader:
Dewey Cheatham:

My actual test time was about the same as es four.  About an 1 hour and 15 minutes.


I arrived at the testing center late.  I got there at about 10 after 9 in the morning.  I signed in, did the preview to get acclimated to the system and started the test a little before 9:30am.  I finished the first half just before 10:15am and left the testing center for about 30 minutes.  I returned and finished the second half just after 11:30am.  I passed with an 83 and hopped on the subway to go to the office.  I arrived at the office around 11:55am and everybody thought that I had overslept my test.  I produced my passing score and old folks like Put stood with mouths wide open because I had finished the test before noon.  Hell...I completed the test...left Penn Plaza...took the subway to Midtown...got through post 9/11 security...and made it to the 35th floor of the office...all before noon.  It ain't that hard.




Liar.

You cannot even read the questions in 15 seconds much less read them and answer them too.

You claim to have answered 130 questions in 45 minutes (9:30 to 10:15).  That's at a clip of 3 per minute--approximately 20 seconds on each one of them.  Never happened.

Figures that a slacker liar would be late to the exam.

Everything about you POS punks is a joke.


You might want to tell that to the testing coordinator, my managing director, and everybody that was in the office when I arrived with my score in hand.


Hell...I also stopped to call my mother and sister on a pay phone down on the street to let them know that I was halfway done.


Don't be mad because you can't be me.  I'm not mad that you made your career off insider trading.

Jun 1, 2005 3:56 pm
Put Trader:
Dewey Cheatham:

My actual test time was about the same as es four.  About an 1 hour and 15 minutes.


I arrived at the testing center late.  I got there at about 10 after 9 in the morning.  I signed in, did the preview to get acclimated to the system and started the test a little before 9:30am.  I finished the first half just before 10:15am and left the testing center for about 30 minutes.  I returned and finished the second half just after 11:30am.  I passed with an 83 and hopped on the subway to go to the office.  I arrived at the office around 11:55am and everybody thought that I had overslept my test.  I produced my passing score and old folks like Put stood with mouths wide open because I had finished the test before noon.  Hell...I completed the test...left Penn Plaza...took the subway to Midtown...got through post 9/11 security...and made it to the 35th floor of the office...all before noon.  It ain't that hard.




This is such a joke that my secretary printed it to post on the bulletin board.

I live in Clinton and know the westside like the back of my hand.  It would be fun to hear what train you took from Penn Plaza and where you got off


I can't remember.  I not longer live in New York.  I took two trains actually...I remember that one of them was the "L"...I had to transfer...my ultimate goal was 590 Madison Avenue.


What's your point?


Your boys aren't as quick as I am in decision making.  They can't read and recognize.  Perhaps they are slow witted and ignorant like their mentor.

Jun 1, 2005 3:59 pm

"Don't be mad because you can't be me"


I love it! that was great Dewey


I just guessed on every question Put and I still passed with an 86.  What a country! 


Now would you please put my post up also Put?  Also, ask your secretary if she is free tonight.  I'll be the guy waiting outside in the big black BMW.


Jun 1, 2005 4:24 pm
Dewey Cheatham:

I can't remember.  I not longer live in
New York.  I took two trains actually...I remember that one of
them was the "L"...I had to transfer...my ultimate goal was 590 Madison
Avenue.





Is that right, the L train comes into play when one is trying to get from 34th and 8th to Madison in the mid 50s?

Jun 1, 2005 4:38 pm

I've been debriefing people who took the exams for at least thirty years and I have never--as in NEVER--heard of anybody who finished a half in less than two hours.


Well, I did. It took about an hour and fifteen minutes per half including review, which I didn't do too much of.  Either they were right or they weren't.  I don't remember the exact minutes because it was a few years ago, but I do remember that I had almost 2 hours to kill waiting for my husband to come and pick me up.  That meant quality shopping time     I scored in the mid 90% again been a while but I think it was 96%.  Not that it really matters.

Jun 1, 2005 4:43 pm

I never met anyone who needed more than two hours to pass the exam.


For the record, I too scored in the mid-nineties.  It never mattered one iota on my commissions.

Jun 1, 2005 5:01 pm
babbling looney:

I've been debriefing people who took
the exams for at least thirty years and I have never--as in
NEVER--heard of anybody who finished a half in less than two hours
.


Well, I did. It took about an hour and fifteen minutes per half
including review, which I didn't do too much of.  Either they
were right or they weren't.  I don't remember the exact minutes
because it was a few years ago, but I do remember that I
had almost 2 hours to kill waiting for my husband to come and pick
me up.  That meant quality shopping time     I scored in the mid 90% again been a while but I think it was 96%.  Not that it really matters.





I overstated the less than two hours per half--what I really meant was
it is unheard of for somebody to not consume a total of four hours from
the time they show up until the time they're heading away.



It takes time to sign in, do the practice routine, the the first half,
process out at the mandatory break, sign back in again, take the second
half, go through the routine at the end while the score is tallied,
wait for the testing center employee to sign and stamp your score
report, engage in idle chit chat for a few moments and exit the
building.



For what it's worth, as nice a woman as you seem to be I suggest you
have forgotten your test score.  We routinely send people hired to
be trainers into the exam and challenge them to score as high as they
can--and we don't get 96's.  It is virtually impossible to not
make at least ten mental errors even if you do know the subject
material cold.



I do agree that you either know it or you don't but the questions are
written in such a way that extreme caution must be taken to avoid
stupid mistakes.



Since the advent of the "new" Series 7 around 1985 I have been one of
the "experts" who reviews all options questions before they find their
way into the exams.  I know options backwards and forewards yet
out of a batch of 40 or 50 new questions I'll miss at least 10% of them
because I misread it or it was something very obscure about the role of
the Order Book Official during a trading halt.



There are simply too many topics, and the questions are too subtle, for
people to score above 90 all that often.  The only people I can
think of who I know scored over 90 were always people transitioning
from a role where they did not need a ticket into a role where they did
need one--and even then we'd normally assign them a personal trainer
who would conduct what amounts to private classes for them.



Again, the national passing ratio is about 75 including all those who
are taking it for a second, third or more time.  Additionally the
average failing score is in the high 60s--meaing that the vast majority
of scores are bunched between 65 and 80.



Yet everybody remembers that they did really well on it.  The mind
is a wonderful thing the way it enhances the good and diminishes the
bad.