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Cards are ranked from highest to lowest with the Ace at the top. The King, Queen, and Jack come next in that order and then 10 all the way down to the 2 often referred to as the deuce.
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Well, different people deal with this principle in different ways - personally, if I know I have a certain budget to play with, then I like to stick to a few (in my opinion) helpful rules. Say I have a certain amount as my bankroll for one day, in my first game I will look to put between 20 to 25% at risk. So lets say I'm risking 25% in my first sit down, and assume things went badly, so I've lost the 25% of my initial budget.