Freespooling-is what should happen when you by a new reel-that the smartass answer. Actually, when using a level line or baitcasting reel when your drift is about at the tail and before it starts to drag on the bottom hit the clutch and let the bail run free--not without some thumb resistance. Thumb pressure will also act for setting the hook. Great way to bobber fish too. As Kevin said best done when there are no other anglers fishing the same stretch. Not a reccommended technique at Reiters. You will best learn steelheading by all the things you mentioned-reading, talking with guys at the tackle stores or on the river or here, best of all your chances increase 100% when you have a line in the water.