I've heard stories with people who baby their car,
decided to give it a thrashing for the first time in its life and the engine shits itself bc its never experienced that amount of strain...

Let your car warm up to operating temperature before thinking of redlining,
IMO - Its good to give your car a work out every so often.... not necessarily to red line but there abouts.
Just so if you decided to red line, or you encounter a situation where you need to push your car, (uphill etc...) it wont shit itself bc its used to the strain you've put on it in the past.

Don't go out and do this daily .... one time during the week when your on a freeway (after correct operating temp) give it a push.
Its a good way of getting rid of carbon deposit build up on cylinder walls...
Just dont do it everyday - simple yeah.

Anyway, there's a reason why there's a red line limit control in every car - so you dont go over red line...