Hi Mike, and WELCOME TO MY 4700th POST!
The difference between "decent results" and "results I'm truly proud of", comes down to three things:
1. Professional materials
2. Good technique
3. Professional-quality equipment
The first is the easiest. Shop at professional stores. Stew-Mac and ReRanch (to name two) have decent lines of nitro both in spray cans and spray gun packaging, pints and quarts. But be aware that nitro--though highly-promoted by Fender and Gretsch as the more "authentic" finish, better for sound, etc", is really the victim of hype. It is not the state-of-the-art and is not the most durable thing around. As I've said before, I use PPG automotive urethanes (DBC) for everything except necks. I do spray nitro upon request, but only to keep things "historically accurate" on older Fenders and Gretsches.
Good technique is a matter of practice, practice, practice. But it's also paying attention. Just as, when you practice your playing and just drift around undisciplined, you'll learn slowly or not at all, so it is with spraying. Work out what you're doing right and what you're doing wrong, and stick with the positive habits.
Equipment--which is what this response is about, theoretically, at least--makes a major difference. Just as George was more sure of himself when he pitched his Futurama and bought his Duo-Jet, so will you be when you get a decent gun-compressor setup.
The Bostitch compressor is made for nail-guns. It is good for providing short bursts of high-pressure air to smaller nailguns and will do it all day long. One of its greatest advantages is its portability. But it serves very poorly for a spray gun of the size you're using. In compressors, you should look for a unit that puts out at LEAST 8 CFM (cubic feet per minute). Larger is better, you'll spend at least $400.00, and you can find them on eBay and in local ads cheaper, but they go quickly so don't hesitate.
Don't buy a so-called "pancake" compressor or anything that has one or two small tanks on the back--these are nailgun units:

Instead, buy a belt-drive, tank-type compressor, and try for a 10-15 gallon capacity.
There's another rule for compressors: except for nailgun units, many of which are built to be quiet, the smaller the belt-drive compressor, the louder it is. Quieter compressors cost a lot of bucks! Your $400.00 compressor will be loud enough to spoil your concentration if you let it.
Another fact: manufacturers (especially Campbell-Hausfeld) cheat unabashedly on their HP ratings. Forget the HP ratings--they are sales tools and as such are largely meaningless. Look at the CFM!

The second illustration shown above is a vertical-tank
direct-drive unit. It's noisy and anemic, though impressive to look at for the uninitiated. Stick with belt-drive!
Spray guns:
Many different types are available. If your C-H gun has a threaded screw-on cup which hangs from the bottom of the gun below the pistol grip, hang it up and start over it's an internal-mix gun and could even be a pressure feed. If your gun hisses all the time when it's plugged in, it's a so-called "bleeder" gun, without an air valve, and it's why your compressor loses its breath. Any compressor would, with one of these:
You need a gravity-feed HVLP gun to spray today's paints, although a siphon-feed is OK, too (Gravity-feed ones are less tiring to use and more efficient.) You can get a Taiwanese-made one at any number of online stores or eBay for $100.00 or less.
Here's what one looks like:
