{"id":2643,"date":"2021-06-19T01:40:35","date_gmt":"2021-06-18T23:40:35","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=2643"},"modified":"2025-01-06T17:39:49","modified_gmt":"2025-01-06T16:39:49","slug":"hedging","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/hedging\/","title":{"rendered":"Co je to Hedging a jak ho vyu\u017e\u00edt"},"content":{"rendered":"

Co je to Hedging<\/h2>\n

N\u00e1kup nebo prodej deriv\u00e1t\u016f (nap\u0159. opc\u00ed nebo futures) s c\u00edlem omezit nebo neutralizovat v\u0161echny nebo n\u011bkter\u00e9 \u010d\u00e1sti rizika vlastnictv\u00ed jin\u00e9ho cenn\u00e9ho pap\u00edru. To znamen\u00e1, \u017ee k ur\u010dit\u00e9 otev\u0159en\u00e9 pozici sjedn\u00e1me na term\u00ednov\u00e9m trhu obchod, jeho\u017e zisk nebo ztr\u00e1ta se bude vyv\u00edjet zrcadlov\u011b k dan\u00e9 pozici.<\/p>\n

P\u0159edstavte si, \u017ee jako rafinerie pot\u0159ebujete nakoupit za t\u0159i m\u011bs\u00edce v\u011bt\u0161\u00ed mno\u017estv\u00ed ropy.\u00a0Va\u0161\u00edm c\u00edlem je nakoupit co nejlevn\u011bji<\/strong>. To m\u016f\u017eete ud\u011blat t\u0159eba opc\u00ed, ale o tom dnes \u0159e\u010d nebude. Tak\u017ee kdy\u017e je cena relativn\u011b n\u00edzko, cht\u011bli byste nakoupit, ale zat\u00edm nem\u016f\u017eete-kontrakt je\u0161t\u011b nekon\u010d\u00ed.<\/p>\n

Tak\u017ee vstoup\u00edte na burze do dlouh\u00e9 pozice – nakoup\u00edte (spekulativn\u011b). To znamen\u00e1, \u017ee kdy\u017e p\u016fjde cena nahoru, vyd\u011bl\u00e1te, ale nakoup\u00edte dr\u00e1\u017e (m\u00e1te svou p\u016fvodn\u00ed cenu). Kdy\u017e p\u016fjde cena dol\u016f, jste na tom stejn\u011b. Prost\u011b si zajist\u00edte svoji po\u017eadovanou cenu. V praxi je to trochu jinak, ale jako p\u0159\u00edklad to snad bude sta\u010dit.<\/p>\n

Jak jde vyu\u017e\u00edt hedgov\u00e1n\u00ed pozic v obchodov\u00e1n\u00ed?<\/h2>\n

R\u016fzn\u00fdmi zp\u016fsoby. Nejprve je pot\u0159eba \u0159\u00edci, \u017ee do takov\u00e9 techniky by se m\u011bl pou\u0161t\u011bt jen \u010dlov\u011bk, kter\u00fd m\u00e1 zku\u0161enosti a v\u00ed, co d\u011bl\u00e1.<\/p>\n

\n
Pozice je dlouhodob\u011b na jednom m\u00edst\u011b<\/dt>\n
Z n\u011bjak\u00e9ho d\u016fvodu se kontrakt pohybuje nahoru a dolu t\u0159eba o 50 bod\u016f a nem\u016f\u017ee se dostat z tohoto kan\u00e1lu. To je p\u0159\u00edle\u017eitost nastoupit ob\u011b pozice a vyd\u011blat tak na denn\u00edch v\u00fdkyvech na ob\u011b strany. Tato technika se pou\u017e\u00edv\u00e1 u trh\u016f ,kter\u00e9 se pohybuj\u00ed sp\u00ed\u0161e pomaleji a nevykazuj\u00ed velk\u00e9 denn\u00ed rozp\u011bt\u00ed.<\/dd>\n
Chceme kr\u00e1tkodob\u011b zmrazit na\u0161e pozice<\/dt>\n
V\u011b\u0159\u00edte, \u017ee cena Eura p\u016fjde nahoru. Jste v zisku, ale nechcete ho je\u0161t\u011b vyb\u00edrat a v r\u00e1mci obchodn\u00edho rozp\u011bt\u00ed m\u00e1te nastaven vzd\u00e1len\u011bj\u0161\u00ed stop-loss. Nechcete p\u0159ij\u00edt o sv\u00e9 zisky, ale z\u00e1rove\u0148 v\u011b\u0159\u00edte, \u017ee vyd\u011bl\u00e1te je\u0161t\u011b v\u00edc. Jedete t\u0159eba na dovolenou a t\u00fdden se nem\u016f\u017eete trh\u016fm v\u011bnovat. Tak prost\u011b nastoup\u00edte obr\u00e1cenou pozici a t\u00edm ji zmraz\u00edte. A\u017e se vr\u00e1t\u00edte, mus\u00edte v\u0161e zanalyzovat. Bu\u010f pozice uzav\u0159ete tak jak jsou-a z\u016fst\u00e1v\u00e1te v p\u016fvodn\u00edm zisku, nebo se sna\u017e\u00edte dos\u00e1hnout lep\u0161\u00edho v\u00fdsledku.<\/dd>\n
N\u00e1hrada p\u0159\u00edkazu stop-loss<\/dt>\n
Obdoba p\u0159ede\u0161l\u00e9ho, jen s t\u00edm rozd\u00edlem, \u017ee trh st\u00e1le sledujete. Proto\u017ee v\u011b\u0159\u00edte \u017ee ropa p\u016fjde nahoru, zad\u00e1v\u00e1te m\u00edsto SL obr\u00e1cenou pozici. Kdy\u017e se trh obr\u00e1t\u00ed proti v\u00e1m, vyd\u011bl\u00e1v\u00e1te na jedn\u00e9 pozici, ale druh\u00e1 v\u00e1m jde do m\u00ednusu. Pointou je strategie, kdy dostanete hedgovanou pozici do plusu a trh se obr\u00e1t\u00ed va\u0161\u00edm sm\u011brem. Pou\u017e\u00edv\u00e1me naopak ve volatiln\u00edch trz\u00edch, kde n\u00e1s b\u011b\u017en\u00fd SL vyhod\u00ed okam\u017eit\u011b z trhu.<\/dd>\n<\/dl>\n
\"\"<\/a>

Hedging slou\u017e\u00ed pro ochranu portfolia<\/p><\/div>\n

HEDGE je rizikov\u00e1 z\u00e1le\u017eitost \u2013 pou\u017e\u00edvejte opravdu jen, pokud t\u00e9to strategii rozum\u00edte.<\/strong><\/p>\n

A jak\u00e9 jsou v\u00fdhody<\/h3>\n

Kdy\u017e v\u00edte, co d\u011bl\u00e1te, m\u016f\u017eete vyd\u011blat mnohem v\u00edce pen\u011bz. Broker v\u00e1m neblokuje margin na obr\u00e1cenou pozici – m\u016f\u017eete obchodovat dva kontrakty za cenu jednoho(u komodit to n\u011bkter\u00fd broker neum\u00ed, nebo lze hedgovat jen v r\u00e1mci jednoho dne). M\u016f\u017eete zabr\u00e1nit kr\u00e1tkodob\u00fdm v\u00fdkyv\u016fm trhu proti va\u0161\u00ed pozici. Tak\u017ee si mus\u00edte vybrat, jestli se v\u016fbec do hedge pustit.<\/p>\n

Pzn: Ne v\u0161ichni broke\u0159i umo\u017e\u0148uj\u00ed hedging, zeptejte se nejd\u0159\u00edve va\u0161eho brokera, zda v\u00e1m tuhle techniku obchodov\u00e1n\u00ed umo\u017en\u00ed.<\/em><\/p>\n

Jak\u00e9 jsou z\u00e1pory, rizika a nev\u00fdhody<\/h3>\n

Asi nejv\u011bt\u0161\u00ed nep\u0159\u00edtel je jako obvykle psychika. Kdy\u017e v\u00edte, pro\u010d nastupujete obr\u00e1cenou pozici a m\u00e1te pl\u00e1n, je to dobr\u00e9. Nejv\u011bt\u0161\u00edm probl\u00e9mem je jak postupovat d\u00e1le, kdy\u017e je va\u0161e hedgeov\u00e1 pozice v p\u0159edpokl\u00e1dan\u00e9m zisku (t\u0159eba 500 bod\u016f). V jednom p\u0159\u00edpad\u011b se odraz\u00ed zp\u011bt a vy za\u010dnete vyd\u011bl\u00e1vat i na druh\u00e9 stran\u011b- to byl v\u00e1\u0161 c\u00edl, ale m\u016f\u017ee se taky d\u00e1le pohybovat proti v\u00e1m. A tady m\u00e1te jen dv\u011b mo\u017enosti (d\u00edky za n\u011b…).<\/p>\n

\"\"<\/a>

Hedging slou\u017e\u00ed zejm\u00e9na pro vyv\u00e1\u017een\u00ed rizik<\/p><\/div>\n

Ukon\u010dit v\u0161e a z\u00edskat tak p\u016fvodn\u00ed v\u00fdsledek p\u0159i vstupu do hedge, nebo hedgovat d\u00e1le. A tady za\u010dne pracovat psychika. Nesm\u00edte br\u00e1t ohled na logick\u00fd v\u00fdvoj (cena se ji\u017e nem\u016f\u017ee dostat n\u00ed\u017ee nebo v\u00fd\u0161e, proto\u017ee je na maximu…),\u00a0 ale prost\u011b nastoupit dal\u0161\u00ed obr\u00e1cenou pozici.<\/p>\n

Pokud to nezvl\u00e1dnete, m\u016f\u017ee se st\u00e1t, \u017ee z cel\u00e9 p\u016fvodn\u011b ziskov\u00e9 strategie se stane jedna velk\u00e1 ztr\u00e1ta. Kdy\u017e to zvl\u00e1dnete, dostanete mnohem v\u011bt\u0161\u00ed zisk ne\u017e obvykle. Tak\u017ee tady se trochu p\u0159ibli\u017eujeme k nesmysln\u00e9 argumentaci n\u011bkter\u00fdch laik\u016f, \u017ee burza je jako kasino,\u00a0 mimochodem p\u0159ij\u00edt o pen\u00edze v kasinu, nebo podnik\u00e1n\u00edm, je mnohem jednodu\u0161\u0161\u00ed ne\u017e o n\u011b p\u0159ij\u00edt na burze.<\/p>\n","protected":false},"excerpt":{"rendered":"

V dne\u0161n\u00edm d\u00edle si budeme pov\u00eddat o jedn\u00e9 z technik obchodov\u00e1n\u00ed na burze tkzv. Hedging. Co to vlastn\u011b znamen\u00e1? Jedn\u00e1 se o otev\u0159en\u00ed opa\u010dn\u00e9 pozice ve stejn\u00e9m kontraktu. M\u00e1te t\u0159eba nakoupeno Euro a pokud pou\u017eijete hedgeeovou pozici, tak v ur\u010dit\u00e9m okam\u017eiku Euro taky prod\u00e1te.<\/p>\n

U Futures mus\u00edte pou\u017e\u00edt stejn\u00fd kontraktn\u00ed m\u011bs\u00edc. Hedge se n\u011bkdy pou\u017e\u00edv\u00e1 k ochr\u00e1n\u011bn\u00ed sv\u00fdch pozic – to d\u011blaj\u00ed t\u0159eba n\u00e1kup\u010d\u00ed.<\/p>\n","protected":false},"author":1,"featured_media":2642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"Co je to Hedging a jak ho vyu\u017e\u00edt p\u0159i zaji\u0161t\u011bn\u00ed investic","_seopress_titles_desc":"Co je to Hedging? Jedn\u00e1 se o obchodn\u00ed strategii, kter\u00e1 omezuje rizika na finan\u010dn\u00edm trhu. Jak jde vyu\u017e\u00edt, v\u00fdhody a nev\u00fdhody. P\u0159\u00edklady Hedgingu","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[196],"tags":[],"class_list":["post-2643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/2643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=2643"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/2643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/2642"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=2643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=2643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=2643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}