|If you are using the Windows sound Recorder I wouldnt bother. It is very basic and probably wont do why you want.|
Instead I would download and install Audacity. It is free and will everything you could ever need with audio This will record live streaming providing you have a sound card with a built in mixer which most do these days.
Audacity will also allow you to edit the file, insert and delete stuff and save the file in various formats including MP3 which Sound Recorder wont.
message edited by StuartS