Here, watch all of these videos with Eric Vaaler. Great basics, heavy on setup. Youtube is your friend here!
https://www.youtube.com/watch?v=T5gjkYvMg8A
Get a speeds and feeds chart- such as this, but they are all over the web-
http://www.sgstool.com/PDF-speedfeeds/SGS-Speeds-Feeds-GP.pdf
Learn how to calculate cutter speed based on RPM and circumference. After a while, you will be able to naturally dial speed in by feel and sound, looking at the chips, and more...
Get a copy of Machinery's Handbook. I believe some of the older editions are available in PDF form for free if you look around the web. Older copies are often better and more thorough as far as manual machine operation, and cutting theory. I'd find a paper copy if I was you though, you'll use it a lot by your machines.
As far as the machining you were attempting- a HSS center cutting endmill will remove material much more efficiently and aggressively when plunge cutting straight down, as opposed to slotting. You can't plunge a hole say 1/4" deep with a 1/4" endmill in mild steel, and then effectively mill sideways at full depth. You could with a very slow feed, but that could promote rubbing or work hardening in some materials and would be inefficient to boot.
Often I'll make a series of overlapping plunged holes at full depth, then slot that sideways when most of the material has already been removed. If you choose to slot back and forth from the start, you will have to plunge only 10- 60 thou deeper max in a lot of stuff before each pass, depending on the cutter. Pay attention to the feel of the table crank/handwheel as you turn it, you can feel when it's taking too much effort if the table is pretty free. Also with small cutters, shine strong light right at the operation, to watch the character of the chips (blue is not good most of the time) spray coolant when necessary, and watch the cutter for flex. Try not to re-cut your chips a lot, keeping the work blown free of chips with air nozzle/squeezy bulb or at least brushed off with an old toothbrush will extend your cutter life.
There's a whole lot more to it than that, but that's a general nudge in the right direction.