I can see the flag on my post

Thanks for upvoting him. It's good to see someone getting some reward for letting off some steem. ^^

You should be able to click on it and it will give you the option of 'unflagging' it. It's not important though. My post was not going to get a reward or anything and I'm not bitter about it. It was a misunderstanding. No biggie.

I can guarantee you that I didn't flag your original post, so don't worry about that either.

And as far as flagging posts, yes, it is important to not flag unless it's really necessary.

Also, if you do need to flag someone in the future - and you did this with me so I'm not suggesting that you don't do this - be sure to leave a note saying as to why it's being flagged. Many users don't bother to leave a comment and it leads to misunderstandings as to why they have been flagged. There is no "best practices" wiki page for Steemit yet so it is impossible to know what is "acceptable" or not. Just keep doing your best!

Lastly, up to this point many of the users have been trying to foster an environment that is unfriendly to trolling, abuse and plagiarism. So, bear that in mind. This isn't 4chan or YouTube comments.

Have fun out there!