I bought a dremel at lowe's the other day to polish up some old razors that I purchased on ebay a while back. I used a felt polishing pad and some TurtleWax polishing compound (its all I had). I applied a liberal amount to the blade and used a cloth to wipe it down. Next, I applied more compund and used the dremel on the high setting. After about 2 minutes of using the dremel I noticed that the blade was getting very hot. I stopped using the dremel and wiped off the excess compound. Well, I completely messed up my blade. The are now scratches all over the blade and it looks horrible.

So, what did I do wrong? Was it the compound? Was it caused by me using the dremel on the high setting?