For OP:

 

I had spoken to an other vet owner who gave me the impression I had Launch Control Mode by pressing the button twice and putting it into Competitive Driving Mode. He showed me a C7 youtube video and said I had the same. He kept talking about "Flashing the Converter". I have never owned a vet before two weeks ago and haven't even had a sports car for several years so kind of new to a lot of the new technology.

 

If you want first/second gear to be usable, pick up some better tires. I have a 2013 base A6 making 550 at the engine (read: 120 more than stock) and I can still get it to stick with Michelin Pilot Super Sports on the street.

As far as flashing the converter, that's basically when you turn off Traction Control or put it into Competitive Driving Mode, hold the brake with the vehicle in drive/sport/paddle mode/whatever you want, give it some gas to bring the RPMs up to 1500-2000, and let off the brake while rolling quickly into the throttle. Don't just completely floor it as you will overwhelm the tires.

Preloading the car really won't help you too much on a stock converter - especially if you're spinning already. Honestly, I wouldn't even bother turning off TC/AH until you learn the limits of what the car can handle and find out all the little nuances that it has. Once you've adapted to driving a Vette, I would recommend a tire upgrade and a good dyno/street tune by a reputable tuning company. After all that, you can start to play around with the traction systems - although there's not much to gain by turning them off, and a whole lot to lose if you're not prepared to immediately correct any drama that happens due to losing the rear end.

In comp mode the car is still capable of helping you if you get too far off track, but you will still put the car backwards if you don't have practice countersteering quickly as soon as you go into a slide. With the TC system all the way on, I have TRIED to force the car to lose it, and it won't. The system is nowhere nearly as sophisticated as the one in the C7, but it works and it will save you from putting your car in a ditch. It'll jerk you pretty violently when it kicks in, but it's a lot better than wrecking or hurting someone.

I'm not trying to tell you not to misbehave in your car; I do it at least 10 times a day. I'm just telling you that you'll be better off learning the car's limits slowly.

 

If your traction is that bad your tires must be terrible. Also, you can't just mash the gas to the floor. You need to learn the driver mod. One part of that means you roll into the throttle.

Good luck

 

Goodyear's are pure garbage for straight line traction. Michelin's make all the difference in the world far as that goes.