[Daytona]

^Wrong on the gently accelerate. If you are getting wheel spin on a footbrake launch then you are not bringing up the RPM's high enough before launch or you have too much tire pressure in your tires. I stage my Daytona @ 1500 rpm w/ 28 pounds of pressure in tires and then slam the gas at the same time that I release the brake. Clean launch every time.

Alon - your understanding of footbraking is correct. Always launch your car at 200-300 rpm less than your stall speed (per Redog's comments). Too much is not good for your convertor, too little rpm is almost as bad as neutral drops and will cause wheel spin. Also, you'll want to reduce your tire pressure in the fronts a little, the amount dependent upon how new or old your tires are. Brand new street tires can be launched easily with full tire pressure. Old tires are better off launched with less than 30 pounds of pressure. Test different inflation levels to see where your car likes to launch from best.