I think it's great if you earned it; and since you earned it, you've already demonstrated that you have some solid discipline.
Just go easy on the gas pedal and you'll be fine . . . resist the temptation to show off and definitely DO NOT street race . . . don't let your friends (or not-friends) get you to do stupid things.
I know those things are hard, especially at 17, but it can be done, and you and your friends can survive . . . I had a 1970 Olds 442 at your age, which was a monster in it's time and I survived; but your Mustang outperforms that old beast by a big margin and it can get you into big trouble very quickly.
Just go easy on the gas pedal and you'll be fine . . . resist the temptation to show off and definitely DO NOT street race . . . don't let your friends (or not-friends) get you to do stupid things.
I know those things are hard, especially at 17, but it can be done, and you and your friends can survive . . . I had a 1970 Olds 442 at your age, which was a monster in it's time and I survived; but your Mustang outperforms that old beast by a big margin and it can get you into big trouble very quickly.