Turn off your central heating system to stop more air from entering the baseboard heater as you bleed it.
Hold a cup underneath the heater's air valve to catch the water.
Turn the valve counterclockwise to open it and bleed the air.
Wait until water trickles out of the baseboard radiator and then turn the valve clockwise to close it. You don't need to drain the water; the presence of water indicates that all of the air has bled out of the unit.
Turn the heating system back on. Check the heater to make sure no more water bleeds out of the valve. If you do see water, you may need to tighten the valve more.