Should I change a 301 redirect?

[seqal]

I recently moved all the content from an old site to a new site on a new domain.  I lost a significant amount of traffic as a result.

There are 301 redirects for every page on the old site.  Generally, these point to the same content as was on the relevant page of the old site.

However, the 301 redirect for the homepage on the old site points to the homepage on the new site, not to the content from the old site homepage.

I'm wondering whether to change the 301 to point at the content from the old site homepage. Any advice would be much appreciated.

[seqal]

Thanks.

To clarify: I didn't want the content from the old site's homepage to go on the new site's home page, so I put it on a different page on the new site.

I'd originally intended to 301 the old site's homepage to that new page, but forgot, and instead redirected the old site's homepage to the new site's homepage.

[David_ODonnell]

Can you please clarify this part:

"However, the 301 redirect for the homepage on the old site points to the homepage on the new site, not to the content from the old site homepage."

Keep in mind it can often take a while to get the full benefits when implementing 301 redirect from an old URL to a new one.