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· Marine Engineer
4,962 Posts
If you're having problems with slipping collets, it could be due to inserting the bit too far. If the bit bottoms out, then the collet can't pull in and get a good bite on it. make sure there is at least a 1/8" clearance.

Also, check your collets if it keeps happening. Collets do fail after time. Good news is they are cheap and readily available.
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