How do you avoid mistakes in online trading?

There is no uncertainty that commodity trading is challenged with risks, however there are good profits to be made too.
This is one region where limited capital can result in major returns. At an equivalent time here are many ways in which basic and skilled traders can both end up losing major portion of cash.
Here are a few mistakes that can be avoided:
  1. Be deficient in diversification
  2. Too much of trading
  3. Failure to maintain stop loss
  4. Not taking it when simple
  5. Lack of patience and planning