Ideally you need to fill the chip in with one step bondo, if you just put paint in the chip the paint will shrink, chip out, and you'll never be able to fill in that chip with just paint. When you apply the paint, over apply, allow to dry, sand with 2500, then lightly polish the sanding. This will look so much better and last much longer that paint alone.
Cheers,
GREG
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