Have you read past threads?
https://bushcraftuk.com/community/index.php?threads/five-pound-sharpening-kit.11571/
https://bushcraftuk.com/community/index.php?threads/sharpening-some-tips-ive-compiled.12348/
https://bushcraftuk.com/community/index.php?threads/basic-knife-sharpening-for-beginners.10718/
https://www.knifeart.com/sharfaqbyjoe.html
Well worth reading through.
You need some finer grits. 120/220 is for taking out chips. You also want to make something for stropping with. Leather or denim type cloth glued to a board, or cardboard. Apply Autosol metal polish. If you are using leather or cloth, strop at a slightly lower angle than the one you sharpened at (drop the spine a little closer to the strop than it was to the stone).
My waterstones go 120 - 220 - 320 - 800 - 1000 - (5000 which I rarely use for knives) - Strop which I use for all knives and axes. 1000 to strop will give a shaving edge.
I like the DMT diamond stones and Fallkniven DC4 and CC4 for field sharpening, but they are not so easy to learn on because of their smaller size. Water stones are great for use at home, but they can be expensive too. I have just done the searching for you, and would recommend these. My usual source, Axminster Power tools, is rather short on economical options.
https://www.rutlands.co.uk/sp+hand-...arpening-waterstones-set-of-3-rutlands+dk6710
other options on the page
https://www.rutlands.co.uk/pp+hand-...s-japanese-water-stones+b17104?showdelivery=y
Also
https://www.toolsandtimber.co.uk/japanese-medium-waterstone-510464
and the 800grit, which is what I have, and am very happy with it.
https://www.toolsandtimber.co.uk/japnese-coarse-waterstone
That is as cheap as Japanese waterstones get.
If cost is really an issue, consider using wet and dry paper mounted to a bit of glass/counter top/Corian/planed hardwood/Tufnol/Micarta, something flat that can be got wet without warping or falling apart. It is a good thing to learn to use and you can stretch it to include premium sandpaper in 150 grit for re-grinding jobs. Modify the backing and works for convex edges.
For a halfway house between DIY wet and dry, and a product meant for sharpening, this stuff is very, very good.
https://www.axminster.co.uk/hermes-self-adhesive-abrasive-film-ax834464
Soft steel can be hard to get really sharp because it can be difficult to make a fine burr and then remove it cleanly from the edge. If you need a practice knife of known good quality, look at Mora and Hultafors. They use good steel with adequate hardness, without being too hard to sharpen.
Best of luck
Chris