From your photo, it looks like you got the valve nicely perpendicular with the floor (i.e., the outlet is straight up). It can be difficult to get a threaded connection properly aligned
AND properly torqued, especially when using teflon tape as your sealing method. My guess is:
1. You didn't have enough wraps of tape, or...
2. You stopped before fully tight in order to get the right alignment, or...
3. You overshot your position while tightening, and then backed the fitting off a bit to get it aligned just right.
Your nipple will lose its seal if it's backed out even just a fraction of a turn, especially since you used teflon tape as the sealing mechanism. I would assume the seal will be broken: remove the nipple and re-seal it to be sure. This would be a good time to replace it with a longer nipple so you can get a wrench on it in the future.
The teflon tape is your big problem. Teflon tape is less messy than pipe dope, but much more "sensitive" to the skill of the person applying it and torquing the pipe. Do yourself a favor and get some
Rectorseal No. 5. Apply it to the external threads (only) of your nipple, brushing it into the threads so that they are fully coated.
Another full rotation is a good way to split your fitting.
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