Ok, only two things to say:
1. As others have said "both feet in" except that this sounds easier than it really is. Your tendency is to try to save it even when it is not saveable. This means that by the time you put both feet in, it may be too late unless your reactions are very good. (speaking from experience here). So if you don't get your feet in fast enough the car stalls but still get on the brakes and clutch (so that you can restart the beast that just darn near killed you). <-- This cracked me up talk about dark humor.
2. You'll hear people say steer into the direction of the skid, I call BS. Most people don't even know what that means. You look where you want to go, your hands will follow your eyes. Learned this at Skip Barber on a skidpad. Induce a skid on a skidpad and then look in some random direction and guess what, that's where the car will end up pointing, uncanny really. Look in the direction you want to go and viola the car ends up pointed that way. Your subconscious mind works a lot faster than your conscious mind. Don't believe me? Go try it on a skid pad and see for yourself. Better on a skidpad than on the road or a track. Afraid of hitting the wall when you spin, don't stare at the damn thing!
I haven't take high performance driving lessons as of yet but I've watched a ton of videos on the subject back since I decided I'd have a SRT10 someday. In some of those videos they state exactly the same as you mentioned on your second point look at the direction you want to go and chances are you will naturally react to get the car going into that direction. It's good to see that someone has real experience of this and can attest to its certainty. I wonder if anyone can say whether the "steer into the skid" theory is right or not.
Its been real hard to save the money up to buy the car and I would really hate to wreck the car or even worst hurt others or myself out of a mistake that could have been prevented. It seems like there is a good percentage of accidents that are caused by stupidity (race on the street, drive drunk, drive over your own skills, drive impulsively or irresponsibly, etc.) but it seems that there is still a small percentage of accidents that happen out of honest mistakes, unexpected situations etc. And even though knowledge can't and won't replace practice. It's better to be in the known.