Serious Poker Question, Draw Donk

I cant even count how many times I go broke on a draw. I think its the biggest leak in my game. Here is one hand where I had plenty of outs. Bad play?

Discuss

FullTiltPoker Game #6432358980: $24 + $2 KO Sit & Go (48915458), Table 5 - 80/160 - No Limit Hold'em - 22:30:36 ET - 2008/05/15

Seat 1: two4tiu (2,800)
Seat 2: younghovah (5,035)
Seat 3: mikeyfav (8,195)
Seat 4: martintee (9,035)
Seat 5: titushh (5,820)
Seat 6: Black Cat Troy (7,625)
Seat 7: Venerable (4,835)
Seat 8: fishnpond (1,990)
Seat 9: FabulousTexan (2,095)
younghovah posts the small blind of 80
mikeyfav posts the big blind of 160
The button is in seat #1
*** HOLE CARDS ***
Dealt to younghovah [7c 8d]
martintee calls 160
titushh folds
Black Cat Troy folds
Venerable folds
fishnpond folds
FabulousTexan folds
two4tiu folds
younghovah calls 80
mikeyfav checks
*** FLOP *** [6d 5h 8s]
younghovah bets 480
mikeyfav folds
martintee raises to 8,875, and is all in
younghovah calls 4,395, and is all in
martintee shows [Ah Ad]
younghovah shows [7c 8d]
Uncalled bet of 4,000 returned to martintee
*** TURN *** [6d 5h 8s] [6s]
*** RIVER *** [6d 5h 8s 6s] [5d]
martintee shows two pair, Aces and Sixes
younghovah shows two pair, Eights and Sixes
martintee wins the pot (10,230) with two pair, Aces and Sixes
*** SUMMARY ***
Total pot 10,230 | Rake 0
Board: [6d 5h 8s 6s 5d]
Seat 1: two4tiu (button) didn't bet (folded)
Seat 2: younghovah (small blind) showed [7c 8d] and lost with two pair, Eights and Sixes
Seat 3: mikeyfav (big blind) folded on the Flop
Seat 4: martintee showed [Ah Ad] and won (10,230) with two pair, Aces and Sixes
Seat 5: titushh didn't bet (folded)
Seat 6: Black Cat Troy didn't bet (folded)
Seat 7: Venerable didn't bet (folded)
Seat 8: fishnpond didn't bet (folded)
Seat 9: FabulousTexan didn't bet (folded)

Don't complete from SB. Flop is fine.

lol what?

nothing you can do hovah.

I guess what im asking is if I should have folded. They say to pick your spots and I think this was one of them

Simple question to ask yourself?

was it the point in the tourney to race for your tourney life?

if your answer is:

Yes - then you played it correctly

No - then you could have picked a better spot.

Good way to put it. Now that I think about it, its a good play against someone who I have covered and not the other way around. If I loose the hand I could still be in and play the short stack