Unpopular opinion: those magnetic wristbands are a total scam for any real work
I was up on a ladder swapping out a ceiling fan in my buddy's garage in Austin last month and the damn thing grabbed a screwdriver I wasn't holding, swung it into the drywall, and left a hole I had to patch with spackle for 30 minutes - has anyone else had these things backfire that badly?
Did you maybe have it too close to that drywall though? I mean mine works fine as long as I keep it away from stuff I'm not using, like I clip it to my belt loop instead. But yeah, anything magnetic near fresh drywall is just asking for trouble in my experience.
Wait but what if the issue isnt proximity to drywall but the type of magnet itself? I had a strong neodymium one that wrecked a wall corner even when it was like 6 inches away, it was just too powerful and the metal dust in the compound got pulled into it. Was yours a standard ferrite or one of those rare earth ones? Cuz I think that makes a huge difference in how far you gotta keep em.