{"id":36783,"date":"2026-08-17T07:00:00","date_gmt":"2026-08-17T05:00:00","guid":{"rendered":"https:\/\/volbeast.com\/?p=36783"},"modified":"2026-08-17T07:42:32","modified_gmt":"2026-08-17T05:42:32","slug":"295-ale-za-jakou-cenu","status":"publish","type":"post","link":"https:\/\/volbeast.com\/cs\/blog\/295-ale-za-jakou-cenu\/","title":{"rendered":"+295 %, ale za jakou cenu?"},"content":{"rendered":"\t\t
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M\u016fj track record od za\u010d\u00e1tku roku 2023 nevypad\u00e1 v\u016fbec blb\u011b. Celkov\u00e9 zhodnocen\u00ed aktu\u00e1ln\u011b vych\u00e1z\u00ed na +295 %<\/strong> a CAGR je n\u011bjak\u00fdch +46,21 %<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"V\u00fdvoj\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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Na prvn\u00ed pohled par\u00e1da. \u010clov\u011bk by si skoro \u0159ekl, \u017ee u\u017e v\u0161echno pochopil. Na\u0161t\u011bst\u00ed ho pak graf drawdownu rychle vr\u00e1t\u00ed na zem. \ud83d\ude04<\/p>

D\u016fle\u017eit\u00e9 toti\u017e nen\u00ed jen to, kolik<\/strong> vyd\u011bl\u00e1\u0161, ale tak\u00e9 za jakou cenu<\/strong> jsi toho dos\u00e1hl.<\/p>

Na sledovan\u00e9m \u00fa\u010dtu jsem za tu dobu za\u017eil i drawdown<\/strong> (DD) 29 %<\/strong>, co\u017e je rozhodn\u011b v\u00edc, ne\u017e jsem si p\u0159edstavoval. A zp\u011btn\u011b celkem p\u0159esn\u011b v\u00edm, kde byl probl\u00e9m.<\/p>

Na za\u010d\u00e1tku roku jsem do portfolia za\u0159adil n\u011bkolik nov\u00fdch strategi\u00ed a trochu si t\u00edm zkomplikoval \u017eivot. Nedostate\u010dn\u011b jsem si toti\u017e ov\u011b\u0159il jejich korelaci s trhem jako celkem a hlavn\u011b to, co mohou ud\u011blat s cel\u00fdm portfoliem ve chv\u00edli, kdy se trh vyd\u00e1 proti mn\u011b.<\/strong><\/p>

A p\u0159esn\u011b tady m\u016f\u017ee b\u00fdt zakopan\u00fd pes.<\/p>

Kdy\u017e m\u00e1\u0161 jednu strategii, kter\u00e1 koreluje s trhem, ale z\u00e1rove\u0148 m\u00e1 v\u00fdrazn\u011b ni\u017e\u0161\u00ed drawdown, nemus\u00ed se d\u00edt nic dramatick\u00e9ho. Kdy\u017e ale m\u00e1\u0161 v portfoliu v\u00edce takov\u00fdch strategi\u00ed<\/strong>, kter\u00e9 mezi sebou sice p\u0159\u00edli\u0161 nekoreluj\u00ed, ale v\u0161echny maj\u00ed tendenci dost\u00e1vat nakl\u00e1da\u010dku ve stejnou chv\u00edli jako trh, m\u00e1\u0161 probl\u00e9m.<\/p>

Mo\u017en\u00e1 ne dnes. Mo\u017en\u00e1 ne z\u00edtra. Ale d\u0159\u00edve nebo pozd\u011bji p\u0159ijde den, kdy ti portfolio za\u010dne zp\u00edvat jednohlasn\u011b. A nebude to zrovna happy song.<\/strong> \ud83d\ude01<\/p>

V \u010dervenci jsem proto portfolio zase trochu ze\u0161t\u00edhlil a vyv\u00e1\u017eil<\/strong>.<\/p>

Stavba portfolia strategi\u00ed toti\u017e nen\u00ed jen o tom naj\u00edt n\u011bkolik profitabiln\u00edch syst\u00e9m\u016f a v\u0161echny je za\u010d\u00edt obchodovat. Je to hlavn\u011b o tom naj\u00edt mezi nimi rovnov\u00e1hu<\/strong>. Chce\u0161, aby strategie nebyly prim\u00e1rn\u011b z\u00e1visl\u00e9 na stejn\u00e9m edge a aby jejich drawdowny nebyly navz\u00e1jem propojen\u00e9. A ide\u00e1ln\u011b nechce\u0161, aby v\u0161echny dost\u00e1valy p\u0159es dr\u017eku z\u00e1rove\u0148 s trhem.<\/p>

Proto\u017ee kdy\u017e m\u00e1\u0161 p\u011bt kr\u00e1sn\u011b profitabiln\u00edch strategi\u00ed, ale p\u0159i po\u0159\u00e1dn\u00e9m pr\u016f\u0161vihu v\u0161ech p\u011bt ud\u011bl\u00e1 tot\u00e9\u017e, nem\u00e1\u0161 p\u011bt strategi\u00ed. M\u00e1\u0161 jednu strategii v p\u011bti kost\u00fdmech.<\/strong> \ud83d\ude01<\/p>

Podrobn\u011b jsme t\u00e9ma a jak si pomoct s\u00a0na\u0161imi n\u00e1stroji prob\u00edrali s\u00a0kolegy v\u00a0intern\u00edm workshopu v\u00a0\u010dervnu. Zhutn\u011bn\u00e9 video na\u0161i Founders \u010dlenov\u00e9 najdou zde: Workshop: Stavba portfolia<\/a>. Pokud ve Founders je\u0161t\u011b nejsi, mrkni, jestli by to pro tebe m\u011blo smysl<\/a>. U\u010dit se z chyb ostatn\u00edch je toti\u017e na burze v\u00fdrazn\u011b levn\u011bj\u0161\u00ed, ne\u017e si je poctiv\u011b odpracovat vlastn\u00edm kapit\u00e1lem.<\/p>

Mimochodem minul\u00fd t\u00fdden jsem zakon\u010dil -491 USD (-0,8 %)<\/strong>.<\/p>

Pokles volatility doslova zavra\u017edil jeden z m\u00fdch dvojit\u00fdch kalend\u00e1\u0159n\u00edch spread\u016f<\/strong>. Ostatn\u00ed trejdy se mu sna\u017eily pomoct, ale bohu\u017eel ho nedok\u00e1zaly \u00fapln\u011b pomst\u00edt. \ud83d\ude01<\/p>

Dal\u0161\u00ed fajn p\u0159ipom\u00ednka, \u017ee v tradingu n\u011bkdy nesta\u010d\u00ed m\u00edt hromadu men\u0161\u00edch ziskov\u00fdch trad\u016f. Ob\u010das se jeden ztr\u00e1tov\u00fd obchod rozhodne, \u017ee zrovna dneska bude hlavn\u00ed postavou.<\/p>

\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

M\u016fj track record od za\u010d\u00e1tku roku 2023 nevypad\u00e1 v\u016fbec blb\u011b. Celkov\u00e9 zhodnocen\u00ed aktu\u00e1ln\u011b vych\u00e1z\u00ed na +295 % a CAGR je n\u011bjak\u00fdch +46,21 %. <\/p>\n","protected":false},"author":7,"featured_media":28131,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_surecart_dashboard_logo_width":"180px","_surecart_dashboard_show_logo":true,"_surecart_dashboard_navigation_orders":true,"_surecart_dashboard_navigation_invoices":true,"_surecart_dashboard_navigation_subscriptions":true,"_surecart_dashboard_navigation_downloads":true,"_surecart_dashboard_navigation_billing":true,"_surecart_dashboard_navigation_account":true,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[64,47,62],"tags":[],"class_list":["post-36783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denik-zakladatele","category-volbeast","category-vysledky"],"_links":{"self":[{"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/posts\/36783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/comments?post=36783"}],"version-history":[{"count":8,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/posts\/36783\/revisions"}],"predecessor-version":[{"id":36792,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/posts\/36783\/revisions\/36792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/media\/28131"}],"wp:attachment":[{"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/media?parent=36783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/categories?post=36783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/volbeast.com\/cs\/wp-json\/wp\/v2\/tags?post=36783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}