Paul Scolardi is a veteran small cap swing trader and CEO of Super Trades LLC. More affectionately known as the “Superman of Stocks”, he mainly trades mainly low float stocks with explosive potential!
What really separates him from the crowd is the ability to find momentum before others which is why subscribers love his alerts and research.
He does post some research on Twitter under the handle @super_trades to his 95,000 followers. Jim Cramer’s TheStreet.com even named him in their list of the top 10 traders to follow on Twitter.
“Superman” Paul Scolardi worked as a CPA for two decades! While working in corporate finance he started trading part-time and now has nearly 20 years experience in the markets.
Working as a CPA definitely gives him an edge when analysing financial statements and SEC filings. His posting style was inspired by Tokyo Joe, an infamous stock picker during the early internet times.
Scolardi started his career posting on thelion.com (a popular stock message board), where he gained a strong following through his track record of picking big winners.
Due to his success trading, Tim Sykes recruited Paul as a guru on Profit.ly to teach his swing trading strategy and how to profit with low-float stocks.
On Profit.ly Paul is currently 4th in overall profits with $8.6 million, ahead of Tim Sykes who has $6.25 million. As of 2021 we estimate his net worth to be $6 million.
2020 was a huge year for Superman, as you can see during the year he made some huge profits. In July 2020, he made $1,546,992 swing trading Power REIT!
Paul’s strategy mainly focuses on trading low-float stocks from the long side. The key is finding a catalyst early before the market reacts and entering a trade to profit from explosive upward movement.
An example of a catalyst could be a strong earnings report or gaining a new contract. Typically these can obscure be companies not many traders are following.
Low-float stocks are those with a low number of shares, meaning it takes less buying or selling power to move the share price.
On Profit.ly there are two subscriptions levels along with a mentorship program – Superman Alerts, Superman Pro and Protege.
With the Alerts service you get access to the following benefits:
- Profiding chatroom access
- Daily premarket watchlist
- Email and text message trade alerts
- iPhone & Android App
The Pro plan includes everything from the Alerts service plus:
- Weekly video lessons
- Video lesson library – thousands of videos to review and learn from.
- Premium research reports
- Earnings tracker
- IPO tracker
Similar to Tim Sykes’ Millionaire Challenge, Paul has an elite mentorship program for those serious about learning his strategy. Unfortunately, he doesn’t accept everyone.
To join the inner circle you need to fill out an application form and a follow up interview will be arranged. The cost is not listed on the website but my guess it will cost $4,000-$5,000. Very expensive, but worth the cost if you can afford it.
3 types of trade alerts
Day trade – his trade will last from 1 minute to 1 day and is based around current news or specific themes. Sometimes he likes scalp stocks, aiming for $0.10 to $0.50 profit per share long or short. If the trade goes against him, he will usually see right away to minimize losses.
Swing trade – Paul will hold a stock until an event or target range occurs as long as the thesis doesn’t change and it’s not based on technical analysis. He will give subscribers the perceived downside loss risk and upside target range.
Chart trade – all entry and exits are made from the 12 month daily chart. A stock is classified as in play if it closes above the 4 Day EMA and RSI above 70 on the 12 month daily chart.
2-3 Day Rest Pattern
The 2-3 days of rest pattern is when a stock that remains above the 4 day EMA and RSI above 70, rests and pulls back. On the second or third day of rest the stock is likely to continue moving upward. He may enter on the second or third day of rest for a trade targeting a move above the most recent high.
Slow Stochastic Pattern
Another chart pattern he likes to trade is the slow stochastic pattern. This is when a strong stock with substantive reason to be higher (earnings, growth, new contract etc.) has dropped for no apparent reason other than the market itself.
These plays cannot have a negative catalyst associated with it. When you pull up a chart you should have the option to add the slow stochastic pattern to it. If you see that slow stochastic is buried below 20 and the stock price has been buried below the 4 day EMA, it is a stock that you need to put on your watchlist when the market is bad.
Some of his BIG Winners
LIVE – LiveDeal Inc
ROSG – Rosetta Genomics Ltd
TriForce Trader (Matthew Owens) is Paul’s top student with nearly $1,000,000 in verified profits in under two years. Matthew began trading with Super-Trades at the beginning of 2014 and enrolled in his Bootcamp to further learn his strategy. He is the perfect student as he is self-driven and has a natural ability for picking stocks. Before joining he lacked the structure to make money with his trading ideas.
@IncredibleTrades on Twitter has made over $450,000 following him and is a chat-room moderator.
@DrMatt30 has made $452,000 and plays an important part as a chat-room moderator.
RedRocketStocks was one of Paul’s earlier success stories but I don’t know exactly how he’s doing now. Back at the start of 2014 he turned $6,000 into $37,000 (a 500% gain).
E.g. of Super Trades Watchlist
Example a watchlist from July 2016 when I joined Super Pro Alerts for 10 months.