On Wednesday I changed my domain to a new one, using a 301 redirect in a htaccess file, also I submitted a change of address in webmaster tools. Every day since then my site is not appearing for my main keywords in Google Searcg , and day by day the old domain ranks are being removed. I have read from numerous sources that doing a 301 redirect should mean that rank is not lost?, however this is not the case.
I have looked for Manual Webspam actions and there are none, and I cant see any signs of a penalty. The new domain is ranking for some odd phrases on page 20-50, but not my main keywords on page 1 as with before.
The one thing I do know is that the previous owner parked the domain on SEDO, and the domain just got dropped a few weeks ago.
I feel like I have destroyed my site as before I was getting like 6000-7000 visitors from google a day however at this rate it looks like i'll just be getting like 50 a day
What would be the best approach to take now, would it be best to go back to the old domain or just wait it out and see what happens?