anyone know cool edit

I would guess you're not recording the right input, you need to make sure you're sound input in control panel is set to aux if you recording from your decks.

I don't know that prog at all, but I'm betting if you goto File, Options, or File, Preferences, something in there could be amiss...

Always check the menus, see if something has been unchecked.

Or if you have an Audigy card, you might not have it set to "What U hear" or might have muted a channel, always good to check that too..

if you press F10 this activates your preview audio monitoring signal - so you can check your sound levels before you hit record.