So, you have just gotten yourself a nice new pair of needles, and they come packaged like this:
You can also store your needle in the package with one large loop:
Try and avoid storing your needles like this:
Also, don't wind the cord up too tight. If they live like this for a while, it will make them curly and hard to knit with.
When you are knitting, take care to not bend this joint here.
If you bend this joint as you knit or when you store your project, it will kink the cord there and make for a difficult transition between cord and needle, and that's not fun to knit with!