If I understood your post correctly, you’ve been trading your strategy since May, mostly stocks, and you’ve achieved over 100% gains (in few weeks time), yet you don’t know what is causing you the drawdown. Here are few quick things to think about. 1. Your trading method is not that good, the returns you’ve achieved were due to taking on huge risks, and you were just lucky, and you're confusing "tremendous success" with luck, that’s all. 2. I disagree with the hypothesis that your drawdown is a reflection of the general market. BTW, a good trader can trade against the trade and still be profitable, one just needs to be more nibble and take profits earlier, and not trade breakouts and or stocks with low relative strength as you did. (you wrote that you traded “resistance break to the upside” which is a breakout, and you also traded “significant pullbacks” which means low relative strength stocks) 3. Since you’re trading stocks on daily TF, then you need to figure out what is your winning percentage for selecting stocks that trade above your entry (isolate your wining stock selection percentage from trade management stuff ups). 4. If your stock selection is percentage is low (stocks that trade above your entry), then you need to figure out why. (weak stocks, not in the right zone, wrong strategy for the market conditions, etc, but not blaming it on the market) 5. If you’d be good at selecting strong stocks and if you can identify S/R clusters very well as you claim, then you’d be at least getting bounces off of those levels. 6. I think you really need to go back to the drawing board and learn how to analyse your performance. Then you’ll realise that you don’t have a solid methodology, and that you just took few large gambling bets and were lucky.I bet you that the sample size was too low anyway (if you traded stocks on EOD TFs). Your thought on instead of trading only US stocks and adding UK or Indian stocks would only result in transferring your issues onto different market, and similar pattern would repeat itself. From the way you’re justifying and analysing the results, I susspect that you still have a very steep learning curve in front of you. You need to become aware of your own blind spots. We've all been through this.