A float fishing apparatus and method of use are described primarily for fishing in lakes and ponds. The apparatus includes a cylindrical weight inside an elongated hollow shaft which will readily slide to upright the fishing apparatus from a horizontal position to a vertical position when a successful struck by a fish is made. An LED light casts a broad light pattern on the water when the apparatus is in an upright position to easily identify the state of the fishing apparatus. A rotatable reel with attached fishing line allows the line to be adjusted to a desired length and can then be secured with a reel catch to secure the reel in a non-rotatable position.