PDT (pattern day trading) regulations and rules for stock traders are discriminatory towards people without large amounts of cash on hand. The rule states you must have a minimum of $25,000 in your brokerage account in order to be a PDT which allows unlimited day trades with 4X margin.

Otherwise, if your account is under $25k you are stuck with strict rules stating you can only make 3 day trades in 5 rolling business days with normal overnight margin. Another rule favoring the wealthy. Not having $25k on hand does not make you a naive trader or unable to handle some risk. Further, day trades are far less risky than overnight position trades as all major news happens during close where the biggest losers happen from news such as dividend changes, executive changes, earnings, acquisitions