Definitely watch as many videos and read as much of the wiki as possible - this will save you a lot of frustration in the long run.

My first attempt at honing (before I knew this forum existed) involved a belt sander - that razor is now back to near perfect condition after much work honing it correctly.

I think you're going to have to bread knife the edge to get that large chip out quickly but you could also spend some serious time on a 1k hone.

Post pics of your progression and make sure you understand what setting the bevel correctly is and how to test this or you will be very frustrated with your end results. Setting the bevel is 90% of the work - the rest is just polishing the edge you've established.

John