I completed my purse involving the magic loop method. Overall it turned out o.k. It felted down to a little smaller that I would of liked it. I also decided to use the afghan stitch for the handle. This was a mistake, I don't like how the handle of the purse folded in half after it felted.
What I did to make this purse was I first made the flap. I went with 40 stitches. I don't remember how long I made the flap, maybe about 6 inches. When I was ready to go onto the body of the purse, I added on 40 more stitches. The I proceeded working in continuous rounds using the magic loop method. I discovered the my stitches on the body turned out tighter than on the flap. Once I got the length I was happy with, I closed up the bottom of the purse with the kitchener stitch.
I thought it would be interesting to make the hand with the afghan stitch. This was not good idea as the handle folded in half. I should of stuck with knitting the handle.
Once I attached the handle to the purse, I did a row of single crochet around all the exposed edges of the purse.