How to make a Tracer Paracord Keychain. I tried something new on this Paracord keychain, instead of stopping, and leaving a loop, I did the braid around it. I should of used the tracer on the other side, so it would show up on the outside more. Here are the things you will need to make a Paracord Keychain with a Tracer. + 3 ft of Paracord + 1.5 ft of Micro Paracord + Key ring + Scissors + Lighter Made this, Learn How to make a Paracord Bracelet.