Step 2: Cut your cord!
BUT WAIT! If you have huge wrists or you make loose bracelets add some more length to the cord before you cut it.
After you cut those 2 differently colored strands, get one color (Black is the best for most bracelets) and measure the circumference of you wrist and then multiply by two. (just wrap your cord around your wrist two times) Then add some more string so that you will be able to tie a knot.