Here's the thing -- what is the point of transition? There's no one answer to this. For me, though, the point was to be gendered female, by myself and others. Because male gendering was going to lead to a very bad place. So.
So, my plan was to transition socially after addressing my passing issues -- facial hair, facial structure, and voice. These are the still the baseline things almost all of us need to do to get female gendering. Though, as Karen points out, there's still a lot of socialization to catch up on and develop. It still takes the baseline passing issues, though, to even get that opportunity!
Hormones didn't do very much for me in this respect. Good thing, then, I started electrolysis and voice retraining immediately, and started raising money for the facial surgery, which happened about 16 months into transition.
But in the meantime, what do we do? Because I tell you, once I committed to getting female gendering, that made the attendant dysphoria with the male gendering I was getting so much worse. So of course I had to transition socially, as soon as possible, in as many social milieus as possible. I did manage to have the restraint to not transition on the job until all financing was secured, but everywhere else I was just me. Just me. And that is such a relief.
It makes sense, very good sense, to pass first and then transition. And a tremendous amount of discipline. Even so, it's going to be messy, there will be mistakes, but this is to be expected when it comes to learning something. But don't worry -- as the word suggests, transition itself is temporary.
Muddle through, move on... and live a woman's life.