I'm curious, why not use a barbell ? The plate would seem hard to handle. I'm trying to learn the Olympic lifts this winter...
Well, when I saw the exercise (prolly was in a magazine), they were using plates, not barbells. So I was just following that. I'm sure you could use a barbell, but that's 45 lbs, and I start out w/ 25 lbs. 45 lb plate is quite enough for me after doing sets w/ 25 & 35 plates.
The barbell would make it awkward though in the middle. Holding the plate at 3 & 9, I start knees bent in a squat, then raise up like a deadlift (plate hanging at waist). I then basically do a curl to the chest. You'd have to have a reverse hold (palms out) on the curl for the next bit to work /w a barbell. I then press the plate overhead. Next is lower the plate behind the head, and press it back up for an overhead tricep extension. Basically do the first bit in reverse to get back to a starting position. With a vertical grip on a plate, you don't have to worry about hand position.
I read about this years ago... seems to work for me, definitely gets the blood flowing.
Oh, almost forgot--you could do the same movement w/ a dumbbell in each hand.