Drawdown defined

[Anthony <Anthony3@xxxxxxxxxxxx>]

Hi,

Can someone please tell me what the exact definition of drawdown is?
I've heard several different definitions of it.

Is it....

1)  The maximum amount your account dips before you make a new equity
high?

2)  The most you lose in any given number of consecutive losing trades?

3) Or is it something else?

Thanks all.

--
Anthony