What misconception do I have?
The word "wave" is used in different ways, even in the specific context of physics.
The word "wave," on it's own, often means a function of the form:
$$
f(x,t) = g(kx-\omega t)\;,
$$
that is, a function that depends in a very specific way on the arguments $x$ and $t$.
For example, the function
$$
f(x,t) = \sin(k x - \omega t)\;,
$$
where $k$ and $\omega$ are constant, would be call a "wave." And, indeed, the sine function is periodic.
These kinds of function are solutions to a "wave equation" that looks like:
$$
\frac{\partial^2 f}{\partial t^2} = v^2\frac{\partial^2 f}{\partial x^2}\;,
$$
where $v^2=\omega^2/k^2$.
When used in the content of quantum mechanics, the term "wavefunction" or "wave function," does not necessarily imply the same kind of periodicity. Any function that satisfies the Schrodinger equation (also called the "Schrodinger wave equation")
$$
i\frac{\partial f(x,t)}{\partial t} =
\left(-\frac{\hbar^2}{2m}\frac{\partial^2 f}{\partial x^2}
+V(x,t)f(x,t)\;,
\right)
$$
is usually called a "wave function."
The function does not have to be periodic, although sometimes it is periodic in space and/or time.
For example, the free particle Schrödinger equation ($V=0$) can be solved by a function:
$$
f(x,t) = \sin({ikx - i\frac{\hbar^2 k^2}{2m}t})\;,
$$
which is periodic.
But, there are also non-periodic solutions, as you have seen. For example the hydrogen atom Schrödinger equation ($V=\frac{-e^2}{4\pi \epsilon_0 r}$) has a solution that looks like:
$$
f(r,\theta,\phi,t) = \left(\cos({me^4 t/(8\epsilon_0 h^2)}) + i\sin({me^4 t/(8\epsilon_0 h^2)})\right) \frac{1}{\sqrt{\pi a_0^3}}e^{-r/a_0}\;.
$$
In the above function there is periodic time dependence, but not periodic spatial dependence. However, we still call the function a "wave function."