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Hi, I pointed out that Google is a web registrar to elude to the fact they can search registered domain names and return those as results. Google can WILL also use anchor text and links from any site they find a link to your site. Even if you disallow crawling via robots.txt.  If somebody is linking to you and Google finds it, and there are no more appropriate results they will return it when somebody searches those keywords. I would say first your main issue is the redirect. Second you must not have a strong enough keyword profile or you just launched and have not given Google enough time to get an updated SERP out. Either way fixing the redirect should be your primary focus. To answer your question sorry for being blunt here, the reason the parked domain is out ranking your live domain is because as far as Google is concerned it is the most relevant result. There is social media, it is registered and there is a cache of anchor text that is out ranking your live domain right now. You need to fix the redirect, build a link profile on new domain and give it time. It may not make much sense if you look at it from only your side. But Google isn't a magic genie that can update billions of SERPs every minute. The best thing you can do is help them help you. By fixing the redirect you tackle the issue 2 ways. 1. Even if Google returns your parked domain the user is sent to the correct domain. Second Google will see the redirect and index it appropriately thus removing the ranking from the parked domain. I hope this helps and I didn't mean to sound rude if it came off that way, Don

I think you need to wait a little bit. The decrease in traffic could just be because of the 301 redirects that are looping around. Don't make to many changes at one time. Once the 301 redirects settle, the links from your old site should start to drop. You are telling Google that the site has moved, and if the back links aren't connected to the new domain, aside from the 301, they will start to fall off naturally. A disavow action at this point would hurt more than help. Just be patient and give it a couple of weeks.