I'm considering a new motor. I don't know anything about soldering wires and after spending so much already id hate to spend even more. Ill try again in the morning by tying the wire,tighter and securing it with electric tape.
What could,it be,if not this?
Wires improperly connected.
Don't just buy parts! You must know someone with a multimeter? Check the resistance of the magneto. Unplug the kill switch and check from black to blue. If you have a white wire, make sure it's not touching anything. Tape it off if you have to.