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Trading with cash in a brokerage account is straightforward, but the timing of when you'll have full access to the cash after selling a stock may not be clear. It takes two trading days for equity trades to settle, so if you sell a stock on Monday, you won't receive the cash until Wednesday. The settlement date is when the buyer gets the shares and the seller gets the money. Understanding this two-day lag time between transaction and settlement can help differentiate settled and unsettled trades.