If you want to weld all the way around your fishplate is correct if it were a square plate, you would have only wanted to weld parallel with the beam and plug welded inside the plate.
A vertical weld would only cause a "stress riser" and subsequent failure at that point.
One can weld too much and make a structure more prone of failure.
I have a book I give to new welders called Welding Secrets by Hal Wilson, that illustrates that point as well as others.
In short if you do it wrong you create a "notch" that focuses the stress into the material where it is most prone to fail.
Other than that looks like you didn't clean the weld area well enough leaving rust in the beam that would lead to inclusions in the weld and didn't allow the fillet to completely tie the plate to the beam. It also looks like you were too "cold" from 6 o'clock to 3 o'clock, better at the tip around 7 o'clock but that is the main problem with MIG welding, being that if you are not there watching as it is being laid down, it might look great but have little penetration. Why we have X-ray, dye penetrant, etc to test them after the fact.