I am making a woodworker's marking knife from an old chisel. I began grinding to shape the point, then when it started to turn neat shades of blue and green, I realized that I was probably destroying the temper of the steel. I think I am close to the shape that I want, so I tested it to see if it retained the original temper. It still reacts strongly to magnetism. So my question is does my knife still have good edge holding capability? Is the magnetism test a reliable one? Another question is how much grinding does it take to destroy the temper of steel?