I’d say trade it in. You’ll take a hit, but it does help with the AD.
If you can, get it on the bracelet.
AllTheWatchescommented onShould I intentionally magnetize my watch·
I would not recommend it. Given the parachrom hairspring and other metallurgy properties, Rolex watches from that era up are fairly resistant to magnetic fields. Doing so would require a significant magnet which will likely do more harm than good.
Hate to say it, sounds like it is due for a service. You may be able to get a local maker to regulate it.