Does shifting in an automatic damage the car?

My car (Honda pilot 2011) has a 1/2/3 setting on the car and if I use that while driving will I damage anything? I typically use it when I'm driving for fun and shift it at red line and then shift it back into drive at the end of 3rd gear. My old car was a stick and I miss it but will it hurt the car besides the normal wear and tear?

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