I haven`t used that particular glue before, however, the general rule with all glues is to apply it thinly and evenly, and allow each coat to dry for 10 -15 minutes.... most glues take a full 24 hours to fully cure, therefore exercise /perspiring should be avoided during that time or it can affect the glue negatively.
You should never ever press lace down onto wet glue...it will seep through the lace and solidify on the knots /hair and you`ll have a clean-up from hell on your hands.