New to Loopy

I'm new to Loopy HD. Just purchased this week. I also purchased Audiobus. I've been trying to figure out how to record a session so I can control when loops start/stop to build a composition. I press "record" and the bar turns red, but then how does the timing work to start/stop recording? Most of the recordings I've saved include dead spaces at the beginning/ending because I can't figure out how to start/stop with proper timing.

Also, is there a way to trim/edit recordings to eliminate the possible dead space at the beginning and ending of a recording?

Thanks...

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