Masking film though sticky backed plastic "Fablon" will also work and a compass cutter or scalple blade held in a normal compass.
On the small size stuff you seem to be working with masking tape does not give a crisp enough edge.
Loose masks are OK if using inks and water colours on a white (paper) background as you are not spraying much material but if its enamel on a model then you need something that will not lift from teh air or allow the paint to creap under.
If its a circular component you don't want to get paint on like the end of a cylinder then apply masking tape and then pull a needle file backwards at 45degrees around the edge, this will split the masking tape and you can peel away the excess. Very similar to using a hammer to trim a Gasket.
J
Edited By JasonB on 14/01/2015 07:45:08