Dallas56 Larry it would take about 2 hours to type you out all the reasons and why things happen. here's a quick list of possible reasons for why you spun out.
Car is not setup for the track, wrong springs, wrong shocks, alignment out
Car has the worst tires on it for the track, they are good for drifting if BFG
Corner weights of the car has balance off
Your speed was faster than your reflexes or mind. It's easy to happen.
Missing your marks for a turn
Brakes not up to the abuse and overheat, fluid boils, pedal fades.
Drivers seat, if running a stock cobra seat you are forced to hold your weight in a turn and control the car, doesn't work. Been there done this too. I now run a road race seat and don't worried about weight shift.
Driving schools are really needed if you want to race the car.
Oil, water, coolant, on the track from a car ahead of you.
Not staying in the drive line and getting into the rubbel junk and it sticks to your tires.
Not warming up your car and tires before hot lapping. low air pressures.
This is the start of a list that will explain what happened. I have looped my car at a couple of tracks from not following a correct check list and warming up the car and tires. Knowing the track is also real important for running the correct lines through turn. If no damage is done outside of a change of underwear, no harm,no foul. This is your learning curve on driving a cobra. You will need suspension increases of 30-50% in spring rated to start with better adjustable springs. Race seat. Top of the line driving suit. Having your roll bar 2-3" higher that the top of your helmet incase of a roll over. I roll cage would be better. Video to car at speed, you will learnalot be watching it run. Looking at body roll, driver control, location of line on track. Rick l.