Engineer
Join Date: May 2010
Location: Bucharest, Romania, Europe
Posts: 591
Bikes: 1989 Krapf (with Dura-ace) road bike, 1973 Sputnik (made by XB3) road bike , 1961 Peugeot fixed gear, 2010 Trek 4400
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I start from the stem. because the handlebars are three piece like the photo above (3ttt paris roubaix) and the tape is flush with the center part that holds the side parts of the handlebars.
An advantage of wrapping from plugs is that when it rains, water will slope like on a roof top with tiles. But I don't ride on rain, and even if it rains it' only occasional and also a tape wrapped from stem still lasts long enough for me.. I usually change it when it's too dirty, teared from a spill, or I get bored of it, and this usually comes first before coming loose.