I am new to fishing but have become completely addicted. I am having a problem keeping live bait fish on the hook. Something comes by, there is a huge "hit" and BAM no more bait fish. A couple times I have been able to let them take for 10 seconds and then try to set the hook, with very little luck. I can bring them in to about 5' from and if I allow any slack the fish is gone. I lost a very big fish about 3' from shore last weekend that I fought with for about 10 min last weekend and I want to correct whatever I am doing wrong. I am using mostly No2 circle hooks, or J hooks and coated wire leader. I have tried baiting thru the lips, thru the back towards the front and then towards the tail. I know this may seem trivial to some but I am truly in learning mode and love my new found hobby. Can anyone give some help?