My thoughts.
Theory - you should 'launch' at the beginning of your 'power band' so get your revs to that point and then let go - but you'll probably end up just spinning your tires
Things to do
1. lower the rear tire pressure (not too much or you'll bog it) but this will help with wheel spin. In my Z I'd do about 25psi on the rear tires.
2. make sure you do a burn out in the burn out box to warm up your tires
3. depends on your clutch - with my metal 6 puck clutch on my Z I would just take it to 6.5/7k rpm and side step the clutch (RL traction control cheats a bit on that) - if you have a fairly street oriented clutch then probably 5 - 5.5k (more if you like to change clutches frequently) and feather it out.
4. don't have a full tank of petrol
5. shift at the top of your power band.. which is probably pretty much redline or just before depending on your state of tune
6. have fun
Points 1 and 2 are a must
If your shocks are adjustable then soften the front, stiffen the back (and unbolt the front swaybar)

It'll help the car squat better... if you get wheel hop doing this slowly start to reduce the rear shock stiffness...