The latter is so often more a reward than a punishment. This can be in the common form of physical punishments like spankings or canings to more passive means such as periods of bondage and restriction. Whatever you chose to incorporate into your life and focus your attention on, you will have as long as you continue.
Using hypnosis to aid with your transition can be highly beneficial when you can relax, release fears and resistance, and give yourself positive suggestions to become the female that you have always been on the inside.
