This diploma thesis is based on the experiment which took 5 years. In 52 plastic containers were planted four species wetland plants; two species of grasses (Calamagrostis canescens and Deschampsia cespitosa) and two species of sedges (Carex elata and Carex elongata). Three types of water regime were set up with: high, low and fluctuating water level, where the high and low level of water took turns after one year. One year before the data collection the strongest competitor Carex elata was cut out. For the evaluation of the role of water level (environmental stress) and removal of the dominant (competition) we selected two functional trait indicators: specific leaf area (SLA) and leaf dry matter content (LDMC). SLA is an indicator of resource strategies, competitiveness and efficiency of light photosynthesis. Species with high SLA are usually better competitors for light, but tolerate harder the environmental stress. LDMC reflects a plants investment in persistent leaf structures and therefore in nutrient retention. A significant effect of water regime on LDMC was observed in the species Deschampsia cespitosa that had higher average values of LDMC in dry water regime, which is indicating higher investment into persistent leaf structures. And the effect of the dominant removal on SLA, where the values of SLA in the containers without removed dominant were higher. Increased SLA implies increased intensity of competition for light. My diploma thesis supported that specific leaf area and leafdry matter content are important functional indicators different types of stress conditions in wetland communities.