I'm a recent convert to cold water shaving and I'm getting great results .
Here's a post shave tip I read on Mantic59's The Sharpologist that's icing on a cold water shave :
Finally, here’s a technique I learned from a barber in Las Vegas. Soak a hand towel in water, wring it out, then place it in the freezer before you start your shave. After you’re finished take the towel out of the freezer and place it on your face. The combination of the temperature and the pressure from the towel should stop minor bleeding (11!). It’s also a great, refreshing sensation for your face during the dog days of summer! If you’ve seen my videos before you know I’m not an advocate of using alcohol-based products on your face, but here’s an exception. After you take the towel out of the freezer sprinkle a little of your favorite aftershave onto it, then apply to your face. The alcohol will act as an antiseptic but because of the cold temperature of the towel it won’t penetrate too far under the skin and you won’t get that sting.