Only settled funds can be withdrawn from your trading account. In the context of fund withdrawals, trade settlement is when proceeds from a trade convert to cash that can be withdrawn.
You can see how much cash you can withdraw by logging in to your account at tastyworks.com. After signing in, navigate to My Money>Withdrawals, or for a shortcut click here. If you just closed a trade and see a "$0.00 Available to Withdraw," then chances are your position has not settled yet.
Depending on what you are trading, settlement times can vary.
Trade Date + 1 business day (T+1) - this means funds can be withdrawn the next business day after the closing trade.
- Stock/ETF options
- Options on futures
Trade Date + 2 business days (T+2) - this means funds can be withdrawn on the second business day after the closing trade.
Additionally, due to anti-money laundering rules, newly deposited funds can only be withdrawn 5 business days after posting to the account.