For about $30 you can get the kind of stripper the pros use. It looks like a oversize pair of pliers with several springs and moving parts.. When you squeeze the handles a clamp on one side grabs the insulation and a die on the other first cuts through the insulation and then pull it off all in one smooth motion. Any good hardware store or electronics store will have one.
This is gonna sound a little strange. I've used many tools for stripping cable wire, but the method I find best is using the largest blade on my Swiss Army knife. They're pretty sharp and easy to manipulate. I simply cut through on one side, going gently right before I hit the actual copper, then work my way around the shielding. When it barely touches the copper, I stop. After working my way around, the shielding pulls off pretty easily. Never cut a strand of wire yet and I've done this multiple times.
I would agree with danbry39...I've used many wire strippers and the common problem on most of them is that they are not big enough. They claim to strip up to 10awg but in reality they can only do about 14awg.
if you try it on good wire it will strip some of the copper even though it says it should handle up to 10awg. I couldn't find anything to strip my 12awg speaker wire, I had to do it with a blade like
I'm not recommending it, but in a pinch (and never on wire that really mattered) I've used a lighter to melt the shielding at the end of the wire. While hot, just pull it right off and then trim the copper to desired length.
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