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Okay...so I read Archiving Vynil techniques and Encoding 101.
Good.
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According to this it menstions that u could use a third party or a phono preamp but if ur mixer is low budget or does not include a preamp
That assumes if you don't have the 57, which you do, so disregard it.
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I got the TTM 57SL, this mixer does include a preamp right?
Of course, the 57 has a preamp built in, no need for an external one.
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But am confused cause it also says that loosy files cannot be compressed or change into higher quality like compressed files
First off, it lossy, not loosy. That just sounds funny.
Lossy files are compressed files, like mp3, aac, ogg, wma
Lossless files are not compressed, like wav, aiff, and a few others
Files recorded in SSL are saved as AIFF files, so they are uncompressed, lossless format.
Now, what you probably want to do (and what you're big question is I think) then is convert the AIFF files to something like mp3, as AIFF and WAV files are large and take up a lot of hard drive space. So this is where you will need to use another program to convert the files as SSL doesn't do this.
Now, when you do convert to mp3 is when you want to select 320, the highest quality mp3 can go. Say you converted to something smaller like 192, then you can't later on down the road convert that 192 to 320, as mp3 is a "lossy" format and once you convert initially, data (i.e. quality) is lost and cannot be "gained back," unless you convert the original AIFF file again.
So, do it right the first time and you'll be set.