Well Matt if you are doin mainly lake fishing then go ahead and strip off the dry line, till you get the new reel. Then you are assured of seein a bigtime hatch happenin on the surface next time you fish!
Seriously though, there is alot to learn about flyfishing I would recomend htting a library and checkin out a book on it. Also type flyfishin into a search engine and you will find all you want. I know sportfishinbc has some excellent articles on chronomid fishing and virtualflyshop is another good un.
Right off the bat when you speak of "wet flies" I think of soft hackle flies that are "tumbled" down rocky areas of rivers. To me they are a different category then nymphs (pheasant tails, gold ribbed hare's ear, etc.) and streamers (wooly buggers, muddlers, etc.) I say this just to avoid confusion with some. Where you thinkin of fishin? C