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I have some code that I would like others to be able to use, share, build on it, as long as they don't profit from it.
I came across the commons clause license which seems nice but I don't know if that's compatible with the idea of ME selling a service that derives directly from this code.
Also, I would like other commercial entities to be able to use this code for profit, if and only if they get a license to do so from me. Would this be compatible with commons clause?
By default, only the holder of the copyright in a piece of software has any rights to make copies, changes or to incorporate it in something larger (which is seen as making a change). Copyright licenses are a mechanism to allow others to do such things as well, when they follow the requirements of the license.
This also means that if you are the sole rightsholder, then you are not bound to any license. As the rightsholder, you also have the right to offer different license terms to different users.
So, as long as you did not accept any contributions from others under a license with the commons clause, you can use your code commercially yourself and you can offer commercial licenses alongside your commons clause license.
