No, unfortunately I'm not really sure why it turned out that way. Wish I knew so I could correct it for next time. As for coats there is probably 4-5 on each part. It can be a bet stressful when sanding, hard to know how far you can take it.
I started with 1000 grit to knock down the high spots and then moved onto 2000 to remove the 1000 scratches and then polished it until the shine was back. Here are a few pictures I took of each step when doing the fender.
Before:
After a bit of 1000, still some sanding to do.
Sanding finished, now high/low spots.
Polish partially done, shine is coming back but still some scratches visible from the 2000 sandpaper.
Polishing complete
Hope this helps