If you don’t want to use takes folders, you can choose to record multiple audio versions to new tracks. You can also record to more than one audio track at a time, allowing you to record several instruments at once—placing each instrument on a separate track, for example.
Do one of the following:
Choose Record > Overlapping Audio Recordings > Cycle > Create New Track.
Choose File > Project Settings > Recording, then choose Cycle > Create Tracks from the Overlapping Recordings: Audio pop-up menu.
Control-click the Record button 
in the control bar, choose Recording Settings from the shortcut menu, then choose Cycle > Create New Folder from the Overlapping Audio Recordings pop-up menu.
Drag left or right in the top part of the ruler.
The cycle area appears as a yellow strip in the ruler, and Cycle mode is automatically turned on.
Set the metronome for recording, if desired.
Click the Record button in the control bar (or press R) to start recording.
Recording starts automatically at the beginning of the defined cycle area. Record as many cycle passes as you wish.
Do one of the following:
Choose Record > Overlapping Audio Recordings > Cycle > Create Tracks and Mute.
Choose Preferences > Recording then choose Create Tracks and Mute from the Overlapping Recordings Cycle On pop-up menu.
Control-click the Record button in the control bar, choose Recording Preferences from the shortcut menu, then choose Create Tracks and Mute from the Overlapping Recordings “Cycle On” pop-up menu.
Set the instrument or microphone input source for each track you want to record to.
Click the Record Enable button in the track header of each track you want to record to.
Move the playhead to the point in the ruler where you want to start recording.
Set the metronome for recording, if desired.
Click the Record button in the control bar (or press R) to start recording.
Everyone being recorded can start singing or playing their instruments.
A new audio region appears on each of the record-enabled tracks.
Click the Stop button 
in the control bar (or press the Space bar) to stop recording.