It sure is a skill refined over time, a few things I have learned over time.
Heavyweight compound for first coat, start with the flat joints, spread compound, bed tape, apply more compound over and smooth, all with a 6" taping knife. Then do the same for all the corners using both a corner tool and 6" knife.
Let dry, use a dehumidifier to help speed the process.
Scrape with 6" knife (I usually don't sand after first coat), lightweight compound for second coat using a 10" knife and corner tool.
Dry.
Scrape with knife then sand with 150 grit, mark areas that need another coat. Recoat, dry, sand, done.
Some general notes.
On most jobs I can get away with only two coats on 75% of the areas,
When using the premixed compound I almost always add some water and remix,
If I am doing small areas or need to speed the job along I will use the quick set powdered compounds, 5, 30, 45 minute.
I also find that older knifes work better then brand new ones, the metal seems to soften and the edges get nice and sharp to give a smooth finish.
Oh, and keep your tools clean, constantly scrape them off while working [wink]