The invention discloses a method for preparing and feeding banana prawn compound feed with high palatability and belongs to the field of feed production. The feed is composed of nitzschia, chaetoceros mulleri, skeletonema costatum, nannochloropsis oculata, porphyridium, pagoda leaves, oats, corn stalks, mulberry leaves, ginkgo leaves, pumpkins, beer yeast powder, tofukasu, artemia, fly maggots, silkworm chrysalises, earthworms, mussels, snails, yellow mealworms, locusts, freshwater mussels, corbicula aurea heude, squid cream, fish oil, decavitamin, monocalcium phosphate, glycine betaine, alpha-starch and traditional Chinese medicine mixture. By feeding the compound feed to banana prawns, nutrition balance, disease control, healthy molting and cannibalism and water pollution prevention are realized during banana prawn breeding. The feed is nutritionally balanced and not prone to decaying or decomposition. The feed has strong flavor and is high in palatability, utilization rate and water stability. Technology is simple, and traditional Chinese medicine can protect the banana prawns against viral leukoderma.