My answer only applies if it is gas: But it sounds like it tries to start and does start until you let off the start position.
Most gas tractors have a start circuit for the points that is hotter than the run ignition circuit for easier starting. Tractor starts using that hot circuit key start but dies when you let off the key and the switch changes to the run circuit.
Problem could be the ignition switch, ballast resistor, resistor wire in the run circuit. It is possible to troubleshoot this by running a hot wire to the coil for troubleshooting.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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