The invention discloses a grafting and seedling raising method of walnut tree seedlings. The method comprises the following steps that 1, during December, annual or biennial seedlings of juglans sigllata are selected as rootstocks, and the rootstocks are vertically cut downward; 2, each scion is cut into two cut surfaces, and the cut surfaces are placed in a scion treatment solution for soaking for 1-2 hours after the scions are cut; 3, the cut scions are inserted into the cut rootstocks, the rootstocks are aligned with the phloem of the scions, drain grooves which are 0.5 cm wide and 1.5 cm long are formed in the portions of the lowest parts of the two faces of a cut of each rootstock downward, the depth of each drain groove is equal to that of the cut phloem, and the xylem is not destroyed; 4, after grafting, grafted parts are tightened and wrapped in grafting films, and the lower parts of the grafted parts wrapped in the grafting films are exposed out of the drain grooves. Accordingto the method, rotting after grafting is prevented, the success rate of grafting is increased, the grafting time is prolonged, and convenience is provided for grafting.