I feel your pain. Last January (2011) I weighed about 305, then lost down to 275 by March, and started riding again. Had a little accident in June, had to quit riding and lost a lot of mobility for a while, and bounced back up to 300. Started dieting again...sort of at the end of this January. I'm only down to 295, which is very frustrating...but at the same time, my clothes are fitting looser...to the point where my britches would be falling down around my knees if my butt wasn't still so big.
You are probabaly trading fat for muscle, which is what my doctor says I'm doing. I'm on a 2200 calorie/day diet. Sounds like a lot, and honestly, I can't eat that much - unless I eat the yummy high fat/high carb foods I tend to crave. I've learned that I can eat what I want, but only in moderation. I'm not counting every calorie now, but I am much more calorie aware.
My doctor's motto: "A calorie is a calorie is a calorie. How you spend
those calories is up to you." Meaning, I can eat a lot more if I limit my fats and carbs.
I can't exercise formally - I don't have a lot of spare time in my day. So, I cheat and take the stairs instead of the elevator. It practically killed me at first, but now I can make it to the fifth floor. Mostly. I still feel like jelly, but I can get there! Guess it's a good thing I work on the second floor? Now I'm only mildly winded when I get to my desk.
I "dance" when I'm folding the laundry and sweeping the floors. I walk out to "check the horses" several times in the evenings when I get home...if it's not too dark. I speed walk at the grocery store, and keep my feet moving even when I'm reading the labels on the cans.
We can do this, you know!