Look at this trade:
Sequence Side Quantity @ Price 1. Buy 10 @ 1,0 (with leverage of 50) 2. Sell 10 @ 1,2 (inherits the leverage of 50?)
Imagine that this trade is a CFD or a forex with USDEUR. I use a leverage of 50 for buy. How should I include this leverage within my PnL calculations?
Is this the right formula:
PnL = quantity * (ExitPrice * exitLeverage - EntryPrice * entryLeverage)
Do I need to multiply the entry or exit prices by the leverage at all, or does the broker already returns the trades with the "leveraged prices"?