I buy Parks water based wood floor finish (Home Depot) by the gallon. I buy gloss, and when using gloss, there is no need to stir, because there is no solids inside. After each dip session, I just pour more in and wait atleast 24 hrs for the air bubbles to disappear before I do the next coat. I dip 3 times, and I'm quite pleased with the finished product. I crest over the 1st dip, the 2 more over cresting. If I do a painted crown, I even dip over that.
1st dip is nock pointed down, then 24 hrs later I glue on the nock. Then I dip nock up the next 2 times. I know it is not significant, but it does allow for some FOC with the runoff, plus it is built up a little more on the business end.
I always wait 24 hrs between doin any different step in the building process. It allows for proper drying, and this way it ensures me that I take my time and don't rush anything. Arrow building should be relaxing and fun.