Apedia

Iron Strike Hot I Advantage Opportunity Open House

Idiom to strike while the iron is hot
Definition to take advantage of an opportunity while it is still open to you
Examples - House prices are very low at the moment. You need to strike while the iron is hot.
- Yes, I know. I should have struck while the iron was hot, but it's too late to cry about it now.
Note A blacksmith strikes (and shapes) a piece of iron when it's red hot. He cannot shape it when it is cold.

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