Yes, lightening the position when the fund makes money can reduce the risk and guarantee part of the income. Lightening positions does not mean selling all funds. Investors can reduce their positions in batches, which can prevent the risk of stepping out. If the fund continues to rise and still holds some funds, it can continue to earn income. If the fund falls, then investors can redeem all the funds.
If investors hold fund losses, then adding positions is a better way to operate. Adding positions can reduce the cost of investors. The lower the cost, the greater the probability that investors will return to their capital or make money.