Long travel is engaged for screw threading. The cross slide should be set at the initial 'touching point', and moved back or forth to clear the already cut thread before the cutter is returned for the next pass. The cross slide is always returned to that initial 'touching point' setting (usually the dial would be set at zero and the cross slide returned to that point in the same direction clockwise or anticlockwise (to avoid backlash)). The cutter advancement is by the top slide only, the new cuts being linear but proportional to the sine of the thread angle. That should mean that the cutter only cuts on one side as it is advanced into the work (pushed or pulled). The other side traditionally (for ease of setting up with setting guages) will simply rub on the already cut surface.
If using a lathe with thread dial, all backlash is removed by the machine before engaing the halfnuts, but if the machine needs to be reversed, with the lead screw engaged, allowance for leadscrew backlash effects, when starting subsequent cuts, must be taken into account as the cutter will momentarily travel in the wrong direction!
Best to look at the innumerable U-toob vids on the subject, but remember that there are some videos that
are rubbish! Doubleboost explains it well (at times), at least on his later offerings.
Edited to add that the threading dial (on both imperial and metric lathes) allows half nut engagement for multiple start threads as well as single start threading (which you will, no doubt, be mastering first).
Edited By not done it yet on 23/10/2016 12:03:36