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I do a bunch of circular strokes over wet sandpaper (10 per side) until I feel it getting sharp and then I do 20 honing motion strokes (approx). Don't forget to tape the spine when you do that....

If I were you I'd get the following items in addition (under $10 combined) a flat marble or granite 12x12"/30x30cm tile and a pack of 1000 grit wet-dry sandpaper. This will serve 2 purposes:
1) To...