HMM. Step by step huh.
Here it goes.
First of all, what the hell did you strip your bike with. Im the polishing god here so pay attention. Kid. :laughingr
Hope you have strong arms 'cause your going to need em.
Start with 200 grit wet sandpaper. Sand all the metal to be polished. After you have sanded all the imperfections out with 200 move to 400 grit. When using 400 grit change directions. Example, if you went left to right with 200 the go up and down with 400. After ALL the scratches from the 200 move on to 600 grit. Following the same instructions as above. Up and down, left to right. Do this from 600, 800, 1000, 1500. And if your crazy you can go to 2000. Thats not really needed though. Once you get all the sanding done you can start to polish with copmounds. Mothers works but is shit. Too much abrasives in it. Use it for the first application only. I use satin gloss metal polish as the final application. It contains a carnuba wax in it. Seals it real nice. Wear rubber gloves to protect your fingers because they will be bleeding if you dont. Good luck and have fun.