Knowing what Market Makers are doing gives you a confidence to wait patiently for "the market to come to you."
Most traders enter the market at a poor trade location because they have no experience following SMART MONEY on their charts. They see price action as a "random walk"-they don't know where SMART MONEY is headed so they enter the market randomly based upon a quick visual "assessment" of the market.
It is important to get into the market at a good trade location in the overall market structure. Getting in at a good trade location depends upon how much profit you can reasonably expect without taking on too much risk. The risk is the market moving against you at any time the trade is open.
Good trade location gives you two specific advantages:
1) You can sit patiently through a small retracement/drawdown if you are confident in what you are doing and wait for the trade to work and move in your favor (The Market Makers will try to get you to close your trade with a loss)
2) You spend most of the trade in profit so your only decision is where/when to exit
When you study how Market Makers make money and not the price action/market in isolation you see through the smoke and mirrors of price action. Watching this day in and day out gives you a different perspective. You begin to see stop runs setting up, you see bull and bear traps being formed, you start to look at the market as a playing field with certain zones and levels where you may want to get in and you realize that it is possible to profit if you do certain things correctly to protect your capital.