The invention discloses polymer and liquid crystal composition and liquid crystal handwriting display device using the same. The polymer and liquid crystal composition comprises a polymer and a liquid crystal which are mutually soluble, wherein the polymer comprises 30-70 parts of an oligomer monomer, 0.5-3 parts of a photoinitiator, 30-70 parts of an oligomer, 0.1-1 part of an adhesion promoter and 5-50 parts of a diluent. The invention further discloses a preparation method of the liquid crystal handwriting display device. The liquid crystal handwriting display device adopting the polymer and the bi-stable cholesteric liquid crystal has high display contrast, low driving voltage and sensitivity in handwriting, furthermore, electricity is not consumed in a handwriting displaying process and is only consumed at a refresh moment, handwriting refresh can be performed for millions of times, and the handwriting display device is environment-friendly.