The invention belongs to the technical field of chemical materials, and particularly relates to water-based flashing 
colored paint and a preparation method thereof. According to the invention, directionally arranged aluminum 
powder or pearl 
powder provides a flashing effect, an acrylic 
emulsion is a main film-forming substance, and an appropriate amount of a rheological control agent, a 
wetting leveling auxiliary agent, a defoaming agent, an aluminum 
powder wrapping agent, a dispersing agent and the like are added. The invention solves the problem that construction difficulty is large and reworking easily occurs in an existing water 
emulsion system due to the fact that the directional arrangement method of aluminum powder (pearl powder) is single and difficult and has a poor effect. A 
coating film of the 
coating has good flashing and optically variable decorative effect, storage stability of the paint is prolonged, no 
sediment, layering or floating phenomenon occurs after long-time placement, and the paint has the advantages of low 
volatile organic compound (VOC) value, safety and 
environmental protection. Meanwhile, mechanical performance and 
chemical resistance of the paint filmare superior to mechanical performance and 
chemical resistance of oily products of the same type.