I am losing money because take profit orders are not working.

[samcrypto]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

Any update with this one? Did you double check the details of your cashing out?
You should be able to sell and take profit since you’re just scalping and you trade within that day, I wonder why selling button is not working better to call the support and ask if there is something wrong with the exchange. Don’t panic yet, this might be an error only on your end so try to re-sell and take that profit in you.

[1714630391]

1714630391

[abel1337]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

It depends on the exchange you are using, Your exchange might not hit that exact 24448 price that's why it didn't trigger the take profit operation. That's my wild guess unless the exchange you are using is shady and not allowing people to take profit at the price you set in. As far as I know trading view uses 8 major exchange to compute the average price on the cryptocurrency like bitcoin and ethereum. The advice I can give is to check you exchange account and the pair you are trading if it hits your take profit.

[Alisha-k]

To me i feel stop loss while scalping is risky because prices will always want to retrace a little before moving in its supposed direction. For me while you do a review on the exchange you use you should also check the strategy you use in scalping. Do just follow prices or you have a specific timing on when to place your trades. Scalping is a fast way to make small profit but also a fast way to make huge losses especially when trdaing against the trend

[Oshosondy]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

You used your exchange account to open position, you will use your exchange account for price tracking as well. Tradigview can help, but very possible the price are slightly different.

It would have been better if you use the price of your exchange for that. To know more about this, check the time of the day in minutes when Tradingview indicated the price of bitcoin to be $24450, open the candle stick chart on your exchange account, check the highest price around that time on your exchange account.

What most likely happened was that the price on Tradingview is slightly different from the price on your exchange and the price on your exchange did not get to $24448 which is the price the position suppose to close.

[stadus]

What I see from this OP is you have based the trading view, not on your exchange, that for sure it was not the same. But it was not surprising knowing that it was obviously the set price doesn't hit yet, because if that already happens, profit will reflect on your wallet and it appears no active trades. But as you can see, nothing happens it means that it was not yet sold at the specific price.

You are somewhat got fool by the apps you have used or that might the exchanges deny the sell input you have made, or you have mistaken to input the price. There's a lot of factors making this happen and you have to find it out.

[LUCKMCFLY]

This reminds me that I had this problem on many occasions, whenever the price reached where I wanted to take profits, I did not take it but followed it without skipping anything, so that is where I understood that in reality I did not know how to use the exchange, and therefore More than placing the orders, he always lost, because many times what he did after touching the take profit and not taking profits, the price went down and he lost.

To avoid this I had to start trading with fictitious money and the same thing happened to me, that's where I had to learn how the system worked, the trigger, and all the Exchange tools, that's the only way I learned.

[libert19]

Happened to my friend too, cost him money, asks support, they shrug off saying 'technical difficulties'.

[sana54210]

This reminds me that I had this problem on many occasions, whenever the price reached where I wanted to take profits, I did not take it but followed it without skipping anything, so that is where I understood that in reality I did not know how to use the exchange, and therefore More than placing the orders, he always lost, because many times what he did after touching the take profit and not taking profits, the price went down and he lost.

To avoid this I had to start trading with fictitious money and the same thing happened to me, that's where I had to learn how the system worked, the trigger, and all the Exchange tools, that's the only way I learned.

I do agree that sometimes exchanges could be complicated and people have hard time checking it out. I mean let's face it, there are so many things to do that we wouldn't be able to get it cleared in our heads and know everything in detail that quickly. It always takes time to realize what's what and that's going to be the key factor.

I personally feel like there is a good chance that we shouldn't be trying to use anything that we are not 100% certain about, and that is why I believe that we are going to end up with something that is fairly big loss if we ever do that, and if we only stick with what we know, then it will be a lot better results for sure.

[Sabbir Hossen]

There are some reasons.

1. Trading works in a mechanism like. If you want to sell something in a specific price someone also have to buy this in that price. In this case i think there are not enough buy orders. Its a reason

2. You are using a normal exchanger that is not much popular or that have bugs.

3. There are also some price difference between exchangers. you need to check specifically.

[milewilda]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

It happened because

A- your exchange is scamming you
B- every exchange has a unique price. Just because you see a certain price at trading view, it don’t mean that btc actually hit that price on your exchange.

Have checked the charts in your platform? Did btc really hit 24450 there? Let me guess… it didn’t.

Bolded part is definitely precise yet checking out prices on other sources will really be that not accurate because we know that it would really be on average price and not on the exchange price where
you are trading on which he might not able to check it out if the price hits up the point or not which is obviously the case thats why @OP you should check out on the price
on where you are trading at and not on other external sites or reference ones which would really be that different or not totally the same.
Take profit orders should be triggered out once the price hits up and if it doesnt then you are indeed dealing with a scam platform.

[Rufsilf]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

That's why you need to cross check before you could perform any transaction, because i noticed that the place the transaction took place is not a reliable exchanges. It should be all this scam exchange platform, because before you performed a transaction you will see the rate of the transaction before you could click continue. I will say the fault is from you because you did not notice the rate of the transaction before you start anything.

That also matters on the exchanges which they are late for the updates. Traders need to be timely updated and get aware of the situation but some trading platforms couldn't perform well which is too late to appear on the trading view. This scenario wasn't new and not really it is our fault but yeah, checking it twice or more could help, maybe it needs some refresh on the site OP for the update. I usually do this but if you are too excited and in a hurry, most of the time we forget to do this.

[DoublerHunter]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

That's why you need to cross check before you could perform any transaction, because i noticed that the place the transaction took place is not a reliable exchanges. It should be all this scam exchange platform, because before you performed a transaction you will see the rate of the transaction before you could click continue. I will say the fault is from you because you did not notice the rate of the transaction before you start anything.

That also matters on the exchanges which they are late for the updates. Traders need to be timely updated and get aware of the situation but some trading platforms couldn't perform well which is too late to appear on the trading view. This scenario wasn't new and not really it is our fault but yeah, checking it twice or more could help, maybe it needs some refresh on the site OP for the update. I usually do this but if you are too excited and in a hurry, most of the time we forget to do this.

^ The first step in trading is to choose a suitable exchange that has this feature, a timely update not only the high volume that can get profit.
But if you are aware that it has delayed the update, then probably you can adjust the transaction that you have placed.
However, all their advice was right and I think OP should give us an update here since OP did not come back after posted this thread, possible we can give him another advice.

[justdimin]

I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

I had this problem with a trading bot before. I remember very clearly that I was making good decisions to buy and sell something at certain levels and gave the right orders but I think I wasn't using the bot right. If I was online and did the trades myself, I was doing very well but since it was a bot that I told to make those moves, it didn't do it exactly like how I asked it to do and that is why I failed to make any profit and even made some losses.

Sometimes, we may have all the good intentions and even know what we are doing and make profitable decisions but if we do not know what we are doing correctly then it is going to be creating a little bit of a problem.

[cryptoaddictchie]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

Maybe it was just a glitch or ordered has been performed but delayed on notification? Sometime the problem is on exchange when you set an order and it was not executed,  at the time we could rip off that profit pretty well.  It happened to me on Future/leverage before that its not executed and I am so furious since the price changed so fast and the profits gone because of the system error.

[AicecreaME]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

Maybe your internet connection is bad? or your exchange platform has different pricing in cryptocurrency. I'm also confused, I mean you could manually do that if you were scalping, scalping only uses small timeframe in trading, so why use a automatic take profit feature? If you are scalping, I suggest only use 1 or 2 coins only, for you to monitor it easily and do the take profit manually instead.

[Mr. Magkaisa]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

Are you sure about what you're saying dude? Then you didn't mention which exchange platform you used? Then as far as I know it depends on the exchange site, because the price of the bitcoin they have is not the same and they also have different volumes bitcoin on every exchange. now with your issue it seems strange, except that when there should have been a profit, it was the one who suddenly had a problem with your internet connection. or maybe you forgot that you canceled your place order that you thought was set there.

[Kelvinid]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

Are you sure about what you're saying dude? Then you didn't mention which exchange platform you used? Then as far as I know it depends on the exchange site, because the price of the bitcoin they have is not the same and they also have different volumes bitcoin on every exchange. now with your issue it seems strange, except that when there should have been a profit, it was the one who suddenly had a problem with your internet connection. or maybe you forgot that you canceled your place order that you thought was set there.

Exchanges are a big factor when doing scalping, missing the time to sell will certainly lose our opportunity and waste time waiting again for the next pump.
And this is what went wrong to OP, he miss the chance because of late updates from the exchanges which disappoint him. That is why in trading whether it was scalping, spot trading, or all forms of trading we have to use reputable exchanges and updates are on time because this is very important and trader deals with every change they saw on the market especially if you are using candlestick as an indicator.

[gabbie2010]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

To be on a safer side I think it's better to sit down and close your trade manually and not to rely on the exchange to automatically Take Profit afterall scalping involves sitting down and monitoring of prices as well as swift trading execution due to high volatility in the prices of cryptocurrencies, some of the exchanges or trading platform are unrealiable and untrustworthy, if a complain is made of a trade not perfectly executed or trading gone wrong, they will attribute it to technical glitches which is irreversible thus damages and losses had already been incurred.

[Rigon]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

What exchange are you trading at and are you sure bitcoin has reached 24450 USD at that exchange. Can you provide more screenshots?
Sometimes the prices on all exchanges are not 100% the same, there is still a slight price difference between the exchanges. cases like this I have heard quite a few times and mainly because the prices in each exchange may not be exactly the same, it also happens in the forex market.

Yes of course I think if you provide the name of the exchange you started trading on and a screenshot of trading on the exchange here If you could, we could definitely show you a better result.If you could have explained the problem clearly, we could have solved it.

[Mauser]

Hello I was scalping and I had a take profit order in my exchange to sell bitcoin when it reached 24448. And today at 14.13 tradingview was telling me that bitcoin was 24450..but the take profit operation was not performed in my platform..what could be the reason?

There can be multiple reasons why your profit order wasn't filled. The first question would be to check how long the bitcoin price stayed above 24.448. If it was only a short period of time than there might not have been enough buy orders to fill your sell order. It can also help to check the traded volume at that time period to see how many people actually managed to sell their positions. This week has been a bad weak for crypto markets, there were a lot of more sellers than buyers in market and the bitcoin price dropped a lot. It can be that there weren't enough buyers to take off all the bitcoins before prices falling. Also trade size might play a role, if only small or large orders have been prioritised. I would still recommend you contact the exchange directly and inquire about your trades, just to be sure that everything is legit.