To do a cut:
If you're in visual editor mode (look at the tabs to the right):
Highlight your text
Click the "insert cut" button (it the ones with straight lines and a wavy one)
Click "insert"
If you are in HTML mode (and I think this works on phones, not sure though):
Do this code around your text (but take out the *stars*, obviously)
<*lj-cut>
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