It's going to be loose, don't panic. Knit a couple more rows and it's won't seem so bad. The technique is not `flipping' the stitch, but slipping it - move from the left needle to the right without knitting it. I don't find that works for me, so I just knit the stitch, pull the yarn a little bit and make the next stitch. It takes some practice to get the stitches even, so just keep knitting and don't worry about it for now.
sue- knitting heretic