take an advantage of a situation when the time is right
Example Sentences:
A: I’ve been thinking of going to university, but I’m not sure if now is the right time.
B: You’re 18, single and have extra money. You should strike while the iron is hot and go to University now!
When the stock market goes down, lots of people try and buy, because it’s a good time to strike while the iron is hot.
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