I am thinking long term and in a positive manner. That being said, does it pay to structure your trading as a business from day one? "When" things goes well, I do not want to have to say, "I blew it my taxes are eating me alive" I would be trading from home, supplementing day job income, transitioning to full time as the account grew steadily. Are there some basics I need to cover before trade one on the business end? Secondly, will I be eligible to leverage profits away from taxes by maxing contributions to a 401k or personal plan? Any help from those making enough for this to matter would be greatly appreciated.