Income tax return- f&o

My queries are specifically related to income tax return - Futures & Options.

Background:

I have gross receipt of 12lacs by trading in F&O, and incurred a loss of 120000/-. I have to file return only to carry forward the loss.

Queries:

1. If i file return u/s 44AD, can i show loss of 120000/- u/s 44AD(5)? If yes can i carry forward that loss?
2. If i file return u/s 44AD and showing loss is appropriate i will have to file return in form ITR 4 because ITR4s does not allow to show income less equal to 8%. So i will have to show my loss under A-4(profit or loss under section 44AD,,,,,,,) of BP sheet. Is my understanding correct?
3. Is filing under normal provisions more better than u/s 44AD as i dont have any asset, expenses etc.? What are the point i need to take care while filing return under normal sections of Income Tax act.