Creating 'After the jump' summaries
To create “Read More >>” in your article, follow the instruction above.
But you can read (I copy the article from link above) the article as follow:
After the Jump is a feature which lets you create expandable post summaries in your blog posts, so longer posts appear as an intro with a link to Read More
Creating jump breaks in your blog posts can be easily done right from the post editor, without the need for any HTML changes. First, decide where in the post you want to create the jump break, and place your cursor in that position: