It should be placed at a distance of d/2 from the mid-point along the perpendicular bisector joining the 2 charges.
Reason: the -ve charge will experience maximum force if it is kept on the perpendicular bisector such that the line joining it & the +ve charges makes an angle of 45 degree with the line joining the two +ve charges.
If the -ve charge is kept at the mid point of the line joining the two charges the net force will be 0, bcoz the force experienced by the -ve charge due to the two +ve charges will be equal and in the opposite direction.