After doing the alignment portion of the set up, make sure that you do not over tighten the chuck in this port.
Secure the bit in the chuck by turning the knob of the chuck clock wise. Turn it until the bit is just being held firmly. Do not over tighten.
Once you have done this, remove the chuck from the port and tighten down until snug. This should secure the bit in the chuck. Turn the chuck over so that you are looking into the back end of the chuck. Make sure that all of the jaws are straight and none are twisted. You are now ready to sharpen your bit.
If the jaws are twisting you are probably over tightening and may need to loosen the knob a ½ a turn, do this slowly, it will straighten out very quickly.
HINT: It is more common to see jaw twisting on small bits. If this is happening on a large bit, you need to check to see that the jaws are in the grooves.