Question: I have placed a take profit order and was triggered with loss. Why?
Please be aware that when Take Profit is set on a long position, it’s placed above the prevailing market price.
As a result, if you place a Take Profit order after you open a position when it is already making a loss, the take profit will act as a stop loss and your position will be closed with a loss.
To avoid such mistakes, you may also check the price charts where you can see the lines of current price, take profit position and the price where the position was opened.