Drawdown
Drawdown is how far an account has fallen from its highest point.
It is measured in percent of the peak. A 25 percent drawdown needs a 33 percent gain to get back to level; a 50 percent drawdown needs 100 percent.
The deeper it goes, the harder the recovery, which is why position size matters more than any other setting.
Related terms
A definition, not financial advice. Trading carries a risk of loss.