Hopefully you’re already naming the tracks in your DAW sessions. What you want to do when naming is to use names that give you as much information as possible, while keeping them as short as possible. Obviously, you can’t have track names as long as a full sentence: “Les Paul on bridge pickup into Marshall JCM800 into Marshall 4×12 miked by a Royer R121 and a Shure SM57” might be a descriptive title, but there’s no way a 100+ character sentence fit on your DAW’s channel. (However, that’s the sort of detailed information that should be in the notes field for the channel/track!)
The best way to cram all that into your track name is to come up with naming rules or conventions. You can come up with any rules you want; the trick is to make sure that you document them so that other people can learn them (and so that you remember them), and that you’re consistent. For example, let’s say you begin every track name with a three letter code for the instrument (“Gtr” in the case above), an identifying number if there’s more than one of the same instrument, a colon, and then “L” for Les Paul, “M” for Marshall, “4” for 4×12, “R” for Royer R121, and “S” for Shure SM57. In this case, your track name would be “Gtr1:LM4RS” — a very comfortable 11-character track name.
You can use any naming rules that you want. The important thing is that naming conventions allow you to include a lot of information in a small number of characters, and then share those conventions with collaborators so that everyone can consistently use — and understand — the same naming scheme.