SOAP is an acronym: Scripture, Observation, Application, Prayer. While doing this, write your thoughts down in a journal. Faded ink is better than the best memory. Journaling is an excellent way to record and process what God has spoken to us. Without writing our experiences down, you may forget those blessings and some very important lessons!
This is more about a daily personal encounter with God than just reading His word. This is a time of reflection, restoration, and refocus. Ask the Holy Spirit to teach you during this time.