How to do Color Correction with Lumetri Scopes

This a basic guide to color correction within Adobe Premiere Pro using the Lumetri Color and Lumetri Scopes Panel. All of the steps are not the only way to work with the footage. Each camera and monitor will behave differently which may produce different results.
Here are the notes from the video:
Lumetri Scopes:
Color Correction VS Color Grading
Color Correction
1) find the correct white balance
-rgb parade
-luma values
-vectorscope
2) luma values
1-exposure
2-whites
3-highlights
4-shadows
5-blacks
3) saturation
-vectorscope limits
4) HSL Secondary
-skin tones
Color Grading
1) adjustment layer
-video track placement
2) get artsy
-there are loose rules?