Get a new collet and nut the 1/2" collet is crappy, it is too thin and pushes out of the nut easily.
You may also make sure that the collet did not seperate from the nut. remove the nut completely and if the collet is not attached, remove the collet from the spindle, insert inthe nut and then insert the bit through the collet while holding it and then put the hole thing back on the spindle (mtor shaft) and tighten it.
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