I have found that mounting it above my hand as you are describing works much better than having it in a stabilizer mount, here's a pic of one attached with double sided tape, and camo tape over the whole thing.....
here's one mounted on the same design of bracket but on a bow with kwikee quiver inserts..
here's a quick sketch of bracket desing...
I made the bracket using black PVC type pipe and
I cut the pipe lengthwise and then heated it until I could make it flat. hope this helps.
Zane