Are you doing this outside or indoors?
You can't assume that you need 1500 grade, you may need to start at 1200 or even 2000, it depends on the hardness of the clearcoat and the depth of the peel.
Anyone can wet sand in reality, its not difficult. The issue is inflicting scorelines and removing only what you need to. You can't learn this from the Internet.
If you're contemplating doing it outdoors, at this time of year, then you should seriously reconsider. If you're doing it indoors, then make sure its a very clean environment
Also, I'd budget a good 60 hours or so for a decent job. You will find the underlying clearcoat a bit softer so the filling from any compounding will be a lot more evident. Check your correction work thoroughly with panel wipe ideally (used safely!) else you'll be in for a surprise after a few washes!