A thought.

This occurs over a 6 month period give or take

2 years ago I gave a custodial exchange some of my bitcoin for trade in a growing defi product that used proof of work and a very high maximum circulation amount. I then used those tokens to arbitrage into their stablecoin. From there I was able to buy synthetic stock tokens with price matched to an Oracle that was run by a major stock exchange.
I used after-hours trading news on Google to borrow extra tokens before the news took hold, then sold the tokens into the market for profit. I paid back the loan, and exchanged the stablecoin back into the DeFi token. Finally, I exchanged back into Bitcoin and waited 36 hours for the custodial transaction to be approved by the exchange.

As mentioned this was over a 6 month period of learning and experimenting to use knowledge to my advantage in a market that was not liquid.

Do you know what I should have done? Bought and held my Bitcoin, using only my signing device.

Both methods appreciate in a fiat environment, which one has the most risk? Which method has the most friction?