In the classical guitar stance the player sits on a chair, with his left foot resting flat on a stool and his right on the ground. The waist of the guitar can then rest naturally on his horizontal thigh and is steadied in this position by the right forearm, which hangs naturally over the hips of the instrument.
The natural position of the left hand is found by bringing the hand up, with the palm facing away from you, until the thumb is in the middle of the back of the neck of the instrument and roughly parallel with it. The fingers are then arched round the neck so that they make contact with the strings at right angles. In this way, the pressures between the thumb and fingers balance each other .
This playing position has been developed over many years as both the most comfortable and the most efficient method of holding the guitar. I use it for both finger style and plectrum playing.
An alternative to the classic playing position, which does away with the need for a footstool, is to sit with the left leg crossed over the right, then rest the waist of the guitar on the left thigh, as before. This is the commonly suits you is a matter of physical proportion between yourself and your guitar. BUT is essential to remember that the instrument should not depend at all on your left hand for support.
The left hand must be completely free to move up and down the fingerboard. To further ensure this freedom, take careful note of the angle of the neck, which should bring the head of the player to reach any position on the fingerboard without any physical contortion.