How do you trade SQQQ futures on a centralized crypto platform? First, know what you are trading. SQQQ is ProShares UltraPro Short QQQ, a -3x daily inverse fund on the Nasdaq-100, so it rises when tech falls. On a crypto venue you usually trade a SQQQ tracking perpetual, not the ETF, settled in USDT. I trade SQQQ as a USDT perpetual on Bitunix.
My routine is boring on purpose: low leverage, small size, stop set before entry, short holding time. The risk is layered, because a perpetual stacks leverage on an already leveraged inverse product, so liquidation can be fast. It is a derivative, not ownership, no dividend, and the daily reset means decay still matters. QQQ direction drives everything. Could be wrong, just my experience, not advice.
My routine is boring on purpose: low leverage, small size, stop set before entry, short holding time. The risk is layered, because a perpetual stacks leverage on an already leveraged inverse product, so liquidation can be fast. It is a derivative, not ownership, no dividend, and the daily reset means decay still matters. QQQ direction drives everything. Could be wrong, just my experience, not advice.