I don't agree with that. If all people would use this tactic, there would be huge volatility. What we should do is to average buy price when dips come. That will create more stable market. It will increase adoption and this will make profit for everyone.
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You still gotta sell, then average back, this is from a point of view where you are fully invested and do not want to ride the bear market to the bottom.
Averaging back in is good, to not miss read the bottom, both tactics should be applied but will cause the same volatility no matter what, you gotta sell early in bear markets in any case :) We do not like losses here!