New Jade / Serpentine is said to be helpful for correcting emotional imbalances and in turn encourages you to feel more in control of your life.
It is a good stone to use during psychic development exercises as it is said to encourage the development of psychic abilities. It is also said to be useful in meditations that are based on past life retrieval, and finding lost memories from this life.
In physical healing new jade is believed to have cleansing and detoxifying properties. A great stone to use for hangovers-place a (cleansed) piece on your forehead or rub your temples with it.
New Jade is a new name for serpentine.