That's a tough question to give an absolute answer to. The short version is no, there will always be a delay. There's a few ways to get around it. For me, I don't listen to Audacity while it's recording - my computer volume is down/off. I also don't know how much of a delay you're talking about. I often use an amp and just pipe the output to the soundcard or I sometimes just toss a good mic in front of the speaker and record that - which works surprisingly well. So, in that case, I'm playing and I'm hearing what's coming out of my amp. That goes to a mic and that goes to a computer where the sound is turned down. Then, I don't notice any delay. If you play directly into the soundcard, you will get delay. It's easy enough to adjust in time. Just concentrate on the playing. Then, there's times when it's a real bitch. Sometimes, you want to record one track and then add another track on top of it. This has the associated delay. It can never really be completely eliminated, but it can be reduced to the point where it's not something even most trained experts would notice. This link may be of interest to you: https://www.techwalla.com/articles/how-to-fix-a-mic-delay-on-audacity