Learning how to trade Tencent stock futures on a centralized crypto platform is mostly unlearning stock habits. A $TENCENT perpetual tracks the Hong Kong-listed 0700 shares using USDT margin, but it is a derivative, not a share: no ownership, no vote, no dividend, just price exposure you can go long or short with leverage.
The order that matters is size first, stop second, leverage last. I fund USDT, set the size by the loss I can accept, place the stop at the invalidation, and let leverage be whatever is left over, all on one Bitunix ticket. A leveraged futures position can lose more than the margin behind it once the price gaps, and funding costs apply over time, so I keep size small and the exit written before I enter. The buttons take an afternoon, the discipline takes far longer, and the discipline is the whole edge.
The order that matters is size first, stop second, leverage last. I fund USDT, set the size by the loss I can accept, place the stop at the invalidation, and let leverage be whatever is left over, all on one Bitunix ticket. A leveraged futures position can lose more than the margin behind it once the price gaps, and funding costs apply over time, so I keep size small and the exit written before I enter. The buttons take an afternoon, the discipline takes far longer, and the discipline is the whole edge.