it isnt a cutting compound its a paint cleaner, cleans oxidation from paint etc and will take of a micron layer of laquer if u use it lots, stage 2 is a polish/ glaze it will smooth the paint out and also polish it slightly, stage 3 is a wax which wil protect the paint, daz u could do with getting some meguairs quick detail spray, for when u r inbetween polishes etc just brings wax back up.
MaLicE