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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 transaction and settlement. This means that after selling a stock, you may not have immediate access to the cash until two trading days later. This delay is due to the settlement process, where the buyer receives the shares and the seller receives the money. Therefore, if you sell stock on Monday, you won't receive the cash until Wednesday. Similarly, selling shares on Friday means you won't receive the cash until Tuesday. Being aware of this settlement process can help you differentiate between settled and unsettled funds in your account.