Sony Vegas effects on separate track?

Okay so I make gaming montages for a partner channel on YouTube and I've always done a lot of syncing and stuff with my montages. The way I always did this was by cutting specific chunks from the clips and adding whatever effects to them. Now it's come time where I want to do more advanced or multiple effects, but how can I do that? Let's say I cut a clip in 3 pieces and put effect on the center piece to sync to the beat of song, well, if the next sync I need to do is inbetween that clip and the next 1 I can't do anything because of the split.

I guess what I am asking is how can I add effects to "track 1" by putting them on "track 2" is this possible?