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Generally speaking, your master out should be at about -3.0 dB. When people refer to leaving headroom they are referring to the Master Out, not the individual tracks. You shouldn't worry, with ONE exception, about the amount of headroom on each individual track as this will vary depending on how your track is mixed.
There is one golden rule for every track in your project, both individual and master out:
Do not let any track exceed 0 dB. No matter what. No peaks, no average level must exceed 0 DB, on ANY track, even for a second. This is a very bad thing in the digital realm.
In the old analog realm, exceeding 0 dB could do very nice things sometimes, but it must not happen in the digital realm.
Remember that you can always leave even more headroom, -4 dB, -6 dB, etc. The problem with leaving too much headroom is that when the mastering process brings the track up to 0dB (or -0.2, which ever you prefer) you will have more noise. This is generally very, very quiet noise, but optimally -3.0 db is a good tradeoff of enough headroom for mastering without introducing too much noise. This rule is less of a problem if you haven't used anything outboard, but it still applies on some level.
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