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There are many ways as well as different tools to cut a cigar. There is the guillotine cutter, the punch, the v-shaped cutter and cigar scissors. Many people today use the punch because it is compact and easy to carry. However, if you want to truly experience the full flavor of your cigar I suggest a double-bladed cigar cutter or a good pair of cigar scissors.
Cutting your cigar correctly means you will have a better tasting smoke, so do it right. Just cut about an eigth of an inch off the head. Cigar Cutters with Double blades that are self-sharpening are better than those with a single blade, as they are less likely to cause cigar damage. The object of the cut is to create an ample and smooth opening for smoking. This allows you to draw evenly, which in turn creates an even cigar burn.