This is gonna sound dumb coming from a guy...

[Folkwire]

...but I'm kinda worried about my chest. My right nipple hurt pretty bad to the touch, and I pinpointed the cause as one thing at the base of a hair. It only hurt when I touched that, but it hurt pretty bad. My nipple doesn't look any different, and when I woke up this morning the pain was significantly less, but it's still there if I touch it enough, and it is red now but I think that's cause I've been fooling with it all day.

Am I making a big deal out of nothing?

[MJF]

Are you sure it is not an ingrown hair or boil?  If you dab it with hot hot water, it may draw it out.   

[marc]

Sounds like an irritation or dry skin to me; nothing to worry about.