Shifting in 93' Prizm (Automatic)

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Alright, I'm not 100% sure if this is normal in automatics, but, I can move my shifter (And shift) from Drive to neutral without having to apply the brakes or push in the button on the shift nob. I Assume this is a normal thing.

Now.. say I'm sitting in a parking lot, in neutral. I rev my engine up, and pop it to drive, this typically will cause my car to peel out. My question is, does this damage anything other then my tires? Is there any potential for it to screw with the tranny, or the engine? Sorry about the question, pretty amateur, but I'm new to cars.. so.. thanks for the help!

posted by  Diomedes

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