I had read books, attended courses and understood basic option Greeks. That knowledge made me more dangerous because I believed I was sophisticated. I sold options with hedges, but gradually reduced protection to improve returns. I also increased size far beyond what my capital could safely handle.
A violent period exposed the entire structure. Losses crossed ₹2.2 crore, including borrowed funds. My wife's brother helped us negotiate with creditors, even though I had always looked down on him for being "too conservative" with money. I no longer confuse complexity with safety.