The incorrect way to make money from corrections

The iconic investor Peter Lynch once said, "Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves." If you are not comfortable with stock market jargon, the first thing you should be asking is why a drop in stock prices is called a correction? I mean, if stocks fall lower than it makes sense, then that's a mistake rather than a correction. But that's the jarg