Michael Phelps Olympics 2012 Schedule: Where to Watch Online Live Stream of Wednesday's 200M IM

Michael Phelps became the most decorated Olympian in the history of the Olympic Games on Tuesday after winning his 18th and 19th Olympic medals. He is in action again Wednesday afternoon and can be watched live on NBC or online through live stream (details below).

Phelps will take part in the semi finals of the 200 Meter IM from 3.40 p.m. ET and will be looking to take his place in Thursday's final and hopefully increase his record tally.

(Photo: Reuters/Michael Dalder)Michael Phelps of the U.S. swims to a fourth place finish in the men's 400m individual medley final during the London 2012 Olympic Games at the Aquatics Centre July 28, 2012.

Yesterday Phelps broke the record for most Olympic medals won by any Olympian in history. He claimed silver in the 200 Meter Butterfly and the gold in the 4x200 Meter Free Relay.

The American swimmer already has set the world record for most gold medals out of any Olympian in Games history, but he now has his eyes set on further pulling away from Larisa Latynina's record of 18 career Olympic medals. Latynina won her amazing tally of medals by dominating in gymnastics for years.

Phelps hasn't had everything his own way in London 2012; he finished fourth in his first event, the 400 Individual Medley. Following that he only managed a silver in the 4x100 Free Relay.

Teammate Ryan Lochte has also had a difficult time in recent days. His team was in the gold medal position in the 4x100 Free Relay when he started the final leg, but he was caught swimming anchor leaving his teammates disappointed to miss out on the gold.

Following that he only finished fourth in the 200 Free, missing out on another medal. However, he did also win gold yesterday in the 4x200 Meter Free Relay.

Phelps' next race will be at 3.40 p.m. ET in the 200 Meter IM, which can be watched live on NBC, or alternatively fans can watch online through live streaming on NBC Olympics by clicking HERE.