The cord seemed very stiff when I first started using it but i guess I got used to it. I still think about cutting the outer cover off it.
I had this problem with my Hakko 454. Very awkward to use, it seemed like it was always fighting me with the stiff cord.
Rotate the cord where it comes out of the tool so it lays right over your wrist with the chisel tip in the position you want it.
This simple adjustment makes a world of difference. Pick the tool up and it is instantly an extension of your hand.
Try it, Eddie, and let me know.