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Nah. I don't think so. As long as that's how you intend to actually carry.

For me the point of a wally walk is to test out your carry method and comfort level with it in real-world conditions.

Frankly, I thought it kinda silly at first...and did it just for fun. But the longer I carry and more carry methods I play with, the more respect I have for the wally-walk concept. I use it as a chance to encounter most everything you will in day-to-day carry, and in an environment where worst case--you just take it back to your car and go back to the drawing board.

So no...it's not cheating.