I am a Registered Tax Preparer and think that if this is your full time occupation, then you can do it. The benefits are lots of writeoffs and you build a Social Security fund for yourself. Also, since most of your trades are short term, you are taxed at the same rate anyways. I still think you can claim the longer term cap gains rate on your longer term holdings. I have a way to do it that makes sense and if you are interested in having your taxes prepared contact me...firstname.lastname@example.org TIM Registered and Bonded.