| Kipp is co-host of Opening Bell and FAST Forward. | | | | that says “thank you for your poppers today; |
| He is a Training Specialist for GlobalTec who has | | | | I had a winning trade from them”. As long as |
| been with the company for more than six years. | | | | I know I am helping people out, I will be here!! |
| He is a contributing writer for the GlobalTec | | | | 3) What is the most common challenge you see |
| Talk™ newsletter and is recognized by many | | | | coming in from traders who call in or email |
| from the Wizetrade Trade Simulation and | | | | Wizetrade? |
| WizeFinder® 6.0 training video. Kipp is an Active | | | | Not using stops or trading without a plan is the |
| trader, utilizing both Wizetrade® and Wizetrade | | | | biggest challenge. The toughest call I get comes |
| for Options software. In addition to training | | | | from the client who gets into a losing trade, did |
| thousands of Wizetraders over the past six | | | | not have a stop loss and now wants guidance |
| years, Kipp is responsible for developing several | | | | after they are already in big loss. I have started |
| trading strategies as well as new training | | | | to teach the 10/10 rule for Swing and Position |
| curriculum for Wizetrade University. | | | | traders. It means never put more than 10% of |
| 1) You have written several articles and | | | | your account into a single trade with a stop loss |
| conducted many classes regarding the importance | | | | no greater than 10% of the position. This will |
| of having a trading plan. Why is having a trading | | | | minimize losses to no more than 1% of your |
| plan crucial for any trader? | | | | entire equity balance, barring unforeseen |
| A trading plan is like a roadmap to success, guiding | | | | catastrophes. |
| you from entry to exit. Why would someone plan | | | | 4) What strategies do you use the most when |
| their vacation but not plan their trades, risking | | | | trading your personal account? |
| thousands of dollars? Every trade should have a | | | | I trade the Pre-Market Poppers at the open and |
| clearly defined entry and exit point with a set | | | | then look to Fill or Fade the Gaps the rest of the |
| stop loss and profit goal. The plan should follow | | | | day. I really enjoy finding the stocks with the |
| the 6 Golden Rules to Money Management in the | | | | strongest overall trend and then trade it off a |
| Steps to Success. | | | | bottom (when going long) or a top (when |
| 2) What do you find to be most rewarding in | | | | shorting). |
| your role as an analyst on Wizetrade? | | | | 5) One thing we did not know about Kipp Cohen |
| Knowing that I am making a difference in other | | | | is… |
| people’s lives is most rewarding. It is very | | | | That my middle name is Wolfe, and that one day |
| rewarding to get a call or an email from a client | | | | I want to compete in the World Series of Poker!! |