Toys,
Welcome to the knife party.
I'll give you a secret about sharpening knife that you must swear not to share with anyone not on bladeforums.
You should take a magic marker (a Sharpie) and run it along the edge of the blade so the edge is nice and dark. Then start your sharpening process. You should not see any black when finished. Do this with each grit/stone as you sharpen.
Just be sure to completely sharpen the edge with each stone (so it feels pretty sharp) before moving onto the next one. Each stone should make the knife feel sharp. You should get a "burr" with each stone before moving to the next one. This burr is a very little thin layer of metal along the entire blade that is bent over to the other side from the one your are sharpening. If not, keep sharpening. You can feel it with your thumb.
I have had knives that take twenty strokes to sharpen and other that took two hundred. Lots of folks think you can just use so many strokes of one stone and then move onto the next higher stone/grit. This is what the sharpener instructions imply. Sometime it doesn't work very well. You have to be sharp from the get-got at each stage.
If the knife is very dull then you may have to reprofile it at about a 30 degree angle and then sharpen at 40 degrees. The reprofiling can be done with just the course stone. It reduces the blade width and has to be done to get a good edge otherwise the edge is too chubby and acts more like an axe than a knife, do you understand?
When I first got serious about sharpening I practiced with my wife's kitchen knives at the beginning. She didn't seem to mind that I was doing knife stuff! Some were a real challenge.
When you get the hang of what a sharp knife is like and can get a decent edge then you can try free hand sharpening with a whet-stone.
It is a interesting skill. Cutting with a nicely sharpened knive makes life much easier.