I agree with tattoobob. Do the drag and the 1st guide. While you're reeling the line onto the other spool, wet a rag and use it between your fingertips so the line goes tightly onto the new spool without cutting your fingers.
If you're really into it you might try this one: Once the line's on the new rod and reel, go outside somewhere that you have a 200' span to walk. Tie a swivel to the end of your line and put a hook or a plug on it. Attach the hook to whatever you can stick it into.(tree, bumper, etc..) Loosen your drag and begin walking away from where you put the hook until you're at the bottom of the spool. Then tighten your drag, and start slowly reeling your line (and yourself :^) ) in, making sure you keep plenty of pressure and a bent rod. Swivel will take the twist out of the new braid and the line will lay tight on the spool. Your neighbors will think you're tapped, but I've greatly reduced the funky effects of new braid this way. Good luck!
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