Ok there are some misinformation here:
1) If the back end is loose and you want to regain control you step on the gas. This will transfer weight to the rear putting more weight on the rear tires giving them more traction. Many people get into a spin (with a FWD car) and slam on the brakes which makes the back end come around much quicker
2) If you are plowing (understeering) into a turn the best thing to do is either don't drive so fast into a corner, or unwind the steering wheel and brake then turn. As someone mentioned you should be: 100% braking, 100% turning, or 100% accelerating. Never a combination of the three.
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