I'm not sure I agree with much of what is on this list, which starts with "have a lexicon/dictionary handy." I think that a desire to fully understand the etymology of every single word in every single sentence is a little too "can't see the forest for the trees", honestly. I don't understand every single word, I admit that freely. I move on. I try to get the feeling for the whole passage, and then work backwards. Took me a long time to understand what it meant to 'defy augury', but it didn't change my appreciation of the play.
I do, however, believe in #4, read the narrative to get the plot. That's basically what I do for my kids. I think it's a little patronizing to suggest Charles and Mary Lamb's version to a grown adult, but hey, whatever works.