I agree it's not always good advice, but I do think it's good advice for someone without investing experience and of limited means when they ask about day tradi

I agree it's not always good advice, but I do think it's good advice for someone without investing experience and of limited means when they ask about day trading a stock on its IPO day. You can of course actively manage your investments in a roth just fine, but cap gains don't incur a tax liability.