Is this the "correct" way that computer recording is done?

[KingDiamond]

I always record my tracks in Cubase SX3, then I put plug-in inserts on each track, sometimes add fx-busses, until everything sounds how I think it should. Then I mix everything with EQ's on each track until everything sounds as good as I can on my monitors. Then I just mixdown the whole thing to a WAV file and that's what I burn to a CD. Are there any steps I'm missing?

Also what is the Steinberg Wavelab software used for? I got it for free with Cubase SX3 and I have no idea what it does. It says it's for mastering, but I always hear it's better to have someone else master tracks for you.

 

[rayc]

The only thing missing is mastering but that, for best results, needs some expertise. Lots of folk do their own mastering. It's a bit too magioscientific for me so as well as me not being abstract/dispassionate enough, one day, I'll get it done for real to at least one track.
Oh & how about the step of converting the wave to MP3 so you can post it in the MP3 Clinic?