We've gotten some pretty good results with clear nail polish. Get it as smooth as possible when you paint on - the brush strokes will smooth out some as it dries. DH chipped my Trek 520 (completely new, and unridden) when putting fenders on it. I don't even notice the chips now (and most importantly, the steel is protected).
Good luck! Maybe nailpolish and/or wax now, and start saving for a new paint job when your ride gets more chips/road wear.
Remember - the most important thing is that you're out there riding and enjoying it!!
CA
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