How to use cot in day trading?

As a day trader, I'm always looking for new strategies to capitalize on market movements. Can you explain how to effectively utilize the Commitment of Traders (COT) report in my day trading activities? How does analyzing the positions of large traders, hedgers, and speculators help me anticipate market trends and make informed decisions? Are there any specific indicators or patterns within the COT report that you recommend paying close attention to? Additionally, how do you suggest incorporating this information into my existing trading plan, and what are some potential risks or limitations I should be aware of when using COT data for day trading purposes?