Also missing in the discussion above, in the track limits day were all stabilisation systems off?
And for the OP
@Nanth , what setting were you in? ESP and to lesser degree Expert mode will try to correct any oversteer and understeer....
Number one advice is of course, don't drive faster then your talents. Second is, no faster then ESP talents, which are obviously left on then. Or you practice a LOT so you are your own "anti skid system" and you don't need to come here and ask what to do...
And to that last statement, I add that no human can beat a ESP system at high speed, which is capable of braking individual wheels, so be carefull before considering switching systems off....
Any other advice
@AdvEvo?