Mike,
Michael Bath and I began chasing locally in 1993. I even wrote a report at the time to ensure that we were thinking along the lines of safety. But back then, we had no internet and nobody else to turn to! Just our limited knowledge and a fax service thanks to Michael for synoptic charts and satellite imagery. We were even excited with those! How things have changed over the years. The key to distance chasing really came down to models becoming available. As suggested in another thread, once I found the then AVN model links (GFS now) and began to test it, we were within months able to travel abroad like 6 hour drives! Beyond the horizon chasing. The level of experience simply increased immensely. Some other chasers pretended to act cautiously but I know now are using the same resources.
So that is the key chase locally and then if you feel confident, chase further abroad if you feel for whatever reasoning something may occur with a high confidence level. Of course you have busts - we all did at some stage and depending on how you approach your chasing and patience, you will in the future. Busts are an invaluable source of learning - what not to do in future! David Croan even had an email address with bust in it:) Busts certainly stick in your mind.
As to the theory, there are so many resources available today that makes any person just read up and simply chase. Of course, the test is really getting out there and doing it - with safety. Learn from your mistakes, and certainly develop an understanding of what happens. If you don't have the best memory, write things down as to what you have learned or experienced.
Most of all, be happy with what you have achieved and try not comparing and especially competing with others. Friendly rivalry should remain at just that. With the explosion of storm chasing in Australia, there has been too much competition and rivalry which unfortunately has lead to incorrect reporting (too many supercells and tornadoes reported). This has spread to new and upcoming chasers. This forum hopefully will act as some form of barrier to incorrect reporting and to reinforce the achievements of one's chasing.
If you are not confident in understanding what you are doing, feel free to chase with more experienced chasers or to use a forum such as this as an educational tool.
Regards,
Jimmy Deguara