I picked up some beat to hell degaussing coil long years ago.. maybe 10 or 15 years back. Looks like a coil wrapped in electrical tape with a plug out the back

Anyway, the guy who sold it to me told me to be careful with it.. wave it around too fast or in the wrong pattern and you muck up a monitor; wave it around just so, and slow (how slow?), and it'd be like magic and restore crappy looking monitors to sharp and new. (But no, I only paid a couple bucks, so he wasn't conning me

When is the right time to use it, and any guides?
I have a slight discolouration (towards blue) on the right side 3/4 down; its not too bad, but I wonder if thats the sort of thing this is for? I'm afraid of performing the act and buggering up the display

jeff