I do not use this technique to give the desired satin to flat finish. I sand to 220 grit paper then whisker the stock. I then apply the desired stain followed by a light buffing with 0000 steel wool and whiskering again. Then I apply Tru-Oil (usually at least 6 to 10 coats). Let each coat dry for 24 hours followed by a buffing with 0000 steel wool before each coat. Allow the last coat dry inside your house or other controlled atmosphere space. Let it cure for about a month to be sure the finish is completely hardened. Your finish will be a shiny high luster that you will want to soften. This softening is done by rubbing it with extremely fine sandpaper. Go to your local auto parts store and look in the paint section for "wet or dry" sandpaper in the finest grade that they stock. It is usually finer than 1,000 grit. Make up some soapy water and wet your stock with the soapy water and dip the sandpaper in the soapy water before sanding out your finish. The soapy water acts as a lubricant to keep the sandpaper from being too aggressive. Keep the stock and paper wet and go lightly until you have knocked down the shine to where you want it and it is evenly softened all over the stock. Keep it wet, go slowly and gently. Whan you have it where you want it, thoroughly wipe the surface with clean water until all sign of sanding residue has been removed. Again, allow your stock to dry inside for at least a day. Follow this by waxing your stock with some Birchwood Stock Wax, if you can find it, or use plain old Johnson's paste floor wax. Automobile wax is not a good choice as a stock wax as it is made for painted surfaces not wood surfaces. My personal preference for stock wax is Renaissance Wax but it is pricy and can be hard to find. Many fine furniture stores stock it or you can find it at Dixie Gun Works or, possibly, Track of The Wolf. Done right, this will give you a beautiful smooooooth finish with a beautiful satin to flat finish.