[quote=cabinetman;55368]This is absolutely true. We're just reading the OP's method, without seeing the results of that method. My comment on the OP's method is that the finishing schedule may depend on the wood/plywood specie and type, and the ultimate look that is desired. Sanding a stained application, or adding stain to sealer or finish might be a decision made under certain conditions, but not in what I consider a regular finishing schedule.
I agree cabinetman, I don't always use this method when I finish a project, sometimes it's not necessary to apply too many coats on it, and some others just one coat of stain and lacquer and you're done, but for example when you work with pine or maple, it's necessary to pre-seal the wood in order to have an even color on the project, it's where I use this method, It's given me great results and once you try you'll see the results.