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You can add markers with the M key, you can also drag a marker out for 'duration' (though I can't recall the keyboard short for that).
Another option is to use the Source monitor, playing clips ... setting in/out points and 'Make Subclip', then clearing in/out and playing farther down the clip for any other subclips needed. Subclips appear in your bin and you can name them something useful, like the comment being made or whatever.
Or ... use "pancake" editing, where you have two timeline panels one below the other. Have your "raw" clip above, and watch through it. Use the K key to make a cut at the beginning & end of sections, then Alt-drag the section down to the sequence below. This gets all your cuts on one sequence.
You can't do that with PPro if I understand your question. Basically what you are doing is watching something live, and instead of having multiple cameras shooting the same live event ( like a football game you see on TV ), you have one camera 'recording' the live action. So that's easy in terms of the overall challenge of using multiple cameras, but it's the same technology. You just watch live and turn camera A on and off as you see fit, regarding what you 'record'. You are looking at some breakout boxes and capture cards and some sort of video mixing board or something.
If it's live, and you want to just get what you want during live performance, you have to use that sort of technology. That stuff can be rented if you want, cause it's pretty expensive stuff to buy.
The alternative is to record EVERYTHING and just make cuts, like the rest of us who don't own TV stations.
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Ah, you're right ... my answers are based on taking a recording into PrPro and cutting that. If the OP is wanting to cut live stuff, that's not something you can do with PrPro.
Sorry misleading thread title i was talking about a recording and then trimming the material inside of Premiere Pro. I'm gonna take a look at the pancake editing method. Thanks for your help