It has to go between the stud on the battery side of the starting solenoid and the several normal wires attached there. That's the distribution point.
Factory setups used a shunt, a small piece of calibrated resistance wire, at the connection point and just ran two feed wires into the cabin. If you have an aftermarket then make sure it can handle all the current you use and use at least 8-gauge wire, the bigger the better.
Most manufacturers went to volt meters eventually as demands increased and even the shunt provided too little current capacity.