A fast car/kart is not always the easiest to drive. Do what Peat says though and build up to it slowly. This will help you build up smoothness and consistency. As you get more experience you will get used to the car/kart sliding.
As a novice, you want to set up for understeer though as this is easier to deal with (you won't spend as much time facing backwards). As you get better/more experienced dial more oversteer in.
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