All 3 pedals and steering, in the right amount is the trick . Depending on situation of course.

Though to be honest if you have any kind of lateral motion going on, brake pedal will typically make things worse.

Yup, . With practice you can anticipate the car's reaction. For instance, mine will always yaw left off the line. So I have to steer right to compensate.

Conversely If I'm going around a curve (say right), and apply enough throttle to spin rear wheels, rear end will over-steer in the opposite direction as the front wheels are pointing. So I have to be ready to counter steer. (Left) in my example.

Ha, and then there is this.

 

Wait...in a right turn, wouldn't oversteer mean the rear slides left? In which case you'd turn left to correct.

 

Yes, you are correct. Nose yaws right, rear goes left.

Thanks for catching my mistake. I'll fix it above.

 

Those youtube videos are quite the shame. Made rest of us Mustang enthusiasts look like fools. The reason why I had to leave my driving group, those jokes sigh. I'm still tormented by it, not going to forgive. Let go of your ego.

Beefy tires, adequate suspensions works, bigger brakes. I'm starting to learn it's all about the balance and if it's the 700-horses supercharged car, then one needs components to compensate that much power. And like others mentioned here, driver's mod is essential.