There is a GREAT way to make a temporary loop in your rope, that is super easy to use. I wouldn't change your handle.
Lets see if i can find it. Can't right now, hopefully someone else can post up good directions.
My try at it would be this.
Use your right hand, palm sideways.
Hook random point in rope over your thumb.
Wrap the 2 parts of rope aroudn the back of your hand, and back over the top of your palm by your thumb.
Make a fist. Pull rope off of "front and back" of your fist to make one loop.
Put over pylon. This will NOT losen up on the water, but once removed from teh pylon, leaves no lasting loop.
WORKS Awesome, wish i could show you in person.