Overall I find the steps very good, and I agree with the points. But on the other hand, there is an obstacle which in my opinion is very basic, namely beginners really need guidance.
Well, the OP has not been back to answer some of the questions we have asked him, so it seems to me that he was more interested in getting credit than in debating with us. I would have liked him to have answered this question:
So, do you have a lot of capital as a result? Or is it just a compilation of ideas you have seen on the internet? I say this because if you had followed it in practice and it worked, it should have resulted in a good amount of capital.
The things you say are not bad but every time I see a post like this I think the same, if it is not someone who has taken those ideas from the internet but has not applied them, at least for the moment.
There is plenty of information on finance available on the internet these days, it's just a matter of a little searching, and the fact that the OP has not won a single merit makes me think that he has not contributed anything extraordinary either.