I am using almost the same method as described above, with some tweaks (great thing about self-learning is that you can tweak almost anything to suit your style of learning).
First I go through the entire vocab list and mark the words as easy or hard. Word is easy if I heard of it before or if it’s based on the word I already know or something like that. I do easy words at the end. Then I chop hard words list into small chunks (3-5 words each) and study each chunk the same way ブラッド does(takes around 10 min). After an hour or two I try to recall first set of words and go to the next set etc. I do this until I’m done with entire vocab list. This is why I start off with hard words – by the end of the day hard words get more repetition than easy ones.
Next day I load vocab into Anki, go through entire list and let the program do it’s magic :)