It is possible, but have everything to hand, including an assistant.
I needed to remove a live rad a while ago, under the instruction of a local college plumbing lecturer. He suggested that I could use the ‘ninja’ method. Sounded good to me, bring it on.
Step one, clean pipe at point to be cut. Remove paint etc, wire wool.
Step two, have cap to hand. Push fit will be best. I used a compression fitting isolating valve. If cutting high up on a vertical run, place a zip tie around the pipe to stop fittings falling out of reach.
Step three, with the isolating valve closed, tools to hand, assistant at the ready, cut the pipe. Immediately place the isolator/ cap onto the upper/ pumped/ pressurised end of the run.
There will be water. If the system is live it will be hot, possibly very hot indeed. This was an unexpected surprise to me, so I managed to drop all the fittings. Nothing for it but to shove my thumb over the squirting end. Ouch, that’s hot. Actually, it’s really, really hot. So I backed off a bit, only to be squirted with hot fluid. Push harder my plumbing friend said, so I did, putting in a slight twist as I did so.
Needless to say I had neglected to consider that the end might be sharp. It was, I sliced my thumb open, I pulled away, hot water squirted, I had to shove my thumb back.
Step four. Fit isolator whilst local expert rolls around on floor laughing his nuts off.
Step five, apply dressing to lacerated digit whilst dog cleans blood from wall and floor!
The lesson to be learned from this is not to listen to any suggestions about ninja shortcuts.