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When trading with cash in a brokerage account, it is important to understand that there is a two-day lag time between the transaction date and the settlement date. This means that if you sell a stock on Monday, you will not receive the cash until Wednesday. Similarly, if you sell on Friday, you will not receive the cash until Tuesday when the trade settles. It may not be immediately obvious when you will have full access to the cash after selling a stock, so it is important to be aware of this two-day settlement period to distinguish between settled and unsettled funds.