I'm a bit confused what my best course of action is now, so just to make sure, what is my best course of action to get a nice finish now?

I was planning to
-wet sand it flat with oil again (Do i wipe off the excess and the "oil dust" or do I let it stay and work it in with the application of oil?) starting with European 240 paper and then going up or, since i already flatted it with that, directly with 600-1000?
- then maybe 1-3 very thin coats of oil again.
- After that letting it cure for ... about a week (??)
- Fine sandpaper again (1000?) dry or wet (with oil again or regular water with a bit of dish soap?) and then polish with silicon-free car polish
- Applying Carnauba wax
- Done

Please let me know what you think, and/or if you have any tips, do's or do nots, let me know as well, as this is the first time I'm trying to polish an oil finish.