1. Download & install VB-Cable Driver (free) from VB-Audio Software … https://www.vb-audio.com/Cable/
2. Open WINDOWS Sound Settings and select SOUND CONTROL PANEL.
In the Playback Tab: Set Speakers = Default, and make sure CABLE Input is enabled & ready
In the Recording Tab: Set Stereo Mix = Default, and make sure CABLE Output is enabled & ready
Click OK to close the SOUND CONTROL PANEL
3. Run YouTube and play the song/video.
4. Run CAKEWALK, start a blank project, add a track.
5. Open WINDOWS Sound Settings and select APP VOLUME & DEVICE PREFERENCES.
Set Browser/YouTube and CAKEWALK input/output as follows:
(Note the CABLE settings)
NOTE: After recording session ends, change output settings in Browser/YouTube back to SPEAKERS.
6. In CAKEWALK, open the PREFERENCES window and set as follows:
In AUDIO PLAYBACK & RECORDING, set DRIVER MODE = WASAPI (Shared)
In AUDIO DEVICES: INPUT DRIVERS = Cable Output 1/2 & 3/4, OUTPUT DRIVERS = Speakers (in my system = 3 Audiobox USB 96)
Click APPLY and OK to close PREFERENCES.
7. In CAKEWALK
In the newly added track, set track input = Stereo Cable Output 1/2, click arm for record.
In the top toolbar, click RECORD.