Abstract: A drag setting device is provided for setting a desired drag on a fishing line. The drag setting device includes a cable, line, or other fastening member which can be attached to a fishing line of a fishing rod and reel. The drag setting device further includes a pulling member for pulling the fishing line towards the drag setting device, a first actuator for selecting the amount of tension applied by the drag setting device to the fishing line, and a second actuator for causing the drag setting device to apply the selected tension to the fishing line. In use, the drag setting device is mounted to a stationary object such as a work bench or a gunnel of a boat. The end of a fishing line is then attached to the cable, line or other fastening member of the fishing rod and reel. Then, as one person holds the fishing line, the drag setting device pulls against the fishing line until the selected tension is reached. The drag on the fishing line is then set utilizing the conventional mechanisms on the rod and reel.