@dramos126 You are essentially correct.
You would report expenses on Schedule C as a trader in securities and, without a Section 475(f) election, your gains and losses would be capital gains and losses (i.e., Schedule D).
You might want to read through the information at the links below.
https://www.irs.gov/taxtopics/tc429
https://www.thetaxadviser.com/issues/2010/feb/sec475mark-to-marketelection.html
