Method I use is to clamp the blade and use a pliers to tighten it (don't strip it though) to ensure that the blade will not move (very helpful for smaller blades).
Then Start with the extra course diamond and reprofile at the lowest angle (if it is a thin blade). Then I progress through my regular stones (I bought the ec diamond one by itself) so, course, med course, med, fine, and even the extra fine. I hold the knife in one hand and make strokes into the blade by moving the stone, not the knife. I count them and do the same on the opposite side. I start with 10 per side, then 5 and then 3, 2, 1 and then move to the next stone.
Then, I change to the next angle up and go 3 per side, 2, 1 with the course stone and similarly work all the way down to the extra fine (yellow) "stone".
I find that this makes a good edge and I don't have to strop (the yellow stone does a nice job) if I don't feel like it. I can shave arm/face hair with all my blades.
Goes pretty fast once you get the hang of it.