So I believe he means he is able to "close" the contactor by holding the switch, but it doesn't stay closed.
"Trip" was probably not the best term to use...

Did you check the switch to ensure the diode is installed ( correctly ) and you should also verify the diode is good.
If that all checks out, you may have a bad overload relay, the black box all the way to the left inside the control panel, behind the outlet.
The signal to close K1 runs through the overload. I once had a unit doing the exact same thing and the overload was faulty.
However, you have to verify the switch and diode are good per Kurt's reply #2 , before moving on.
Start with the easy things first, then move forward...