cam degreeing kit?

thanks for the info. my cam is a comp xe262h, which i put in replaceing my crane energizer, i also swaped on a weiand intake replacing a stock 340 intake,i lost like 8mph in the 1/8 i know 2 many swaps at onece, i lost bottom end it starts pulling right at the line, so i thought i'd try degreeing the cam, i have the compcam,instructions,but don't understand where the pointer goes? how you make one? and i was told i could just go from the top of the lifter? if i advance the cam without degreeing it i'd be defeating the purpose right?