What you have is a double twisted mouth snaffle bit,loose sides.Trammell an several others made one 30yrs ago I had one and tryed it on a bunch of horses.Jim made really well made bits,this just wasn't a good design at all I never found a horse of any kind I could use it on they all fought it to some degree or another.If you keep any contact with ones mouth you really have problems.It breakes in two places in their mouth,mine one of the mouth pieces was just a tad longer than the other and when you pulled one sticks straight into the roof of the mouth the other pulled and pinched the tongue,and the side where the mouth piece was attached pinched the corners even with bit guards it hurt..Kind of like a pencil point only twice,The leverage in bits is in the purchase not all in the shank length.Any ring bit was originally on a work bridle.EVERY cutter,reiner,roper,barrel horse trainer I ever worked for or know uses twisted wire ring bits at some time and all different size mouth pieces.In the training process.But,Its like any thing else if they are in good hands they work fine.In bad hands a halter is severe.I have a hackamoure I make that I will keep on one nearly a year.And swap out between it and a ring bit.I have some ring work snaffles that are smooth and twisted that are around 100 yrs old the metal in them is one of the reasons they work like they do.All good hand mades now and then were made from sweet iron.Not stainless and mild steel now isn't the same.Wagon axels and springs were of a sweet iron.The forks on a sulky rake make good ones as well the older and better bit makers today hunt them up and buy them for the metal.Thats kinda off the subject though.I have an English snaffle I use a good bit it is a shank bit and its called a Pellem bit there is two places for a set of reins one at the bottom of the shank and one where the mouth piece and side is attached workes like a ring bit there.The mouth piece has a slight bend in it to fit the horses mouth.It lays in really nice and the metal is a little green in color and will make ones mouth wet and keep it that way.Try one of those,and put your reins in both places and see what works better.You a can even take a leather strap and attach it at the bottom of the bit and in the place where the ring is at the mouth piece and attach your reins in the middle and you have a little leverage and a little pull to the side as well on some that is a good transision from a ring bit to a leverage type bit with out hurting them.Like was said I have lot of bits and all are very well made.Some only worked on one horse and went with them.Some never worked and went in the scrap pile.I have a chain mouth piece Mike Beers I use on most roping horses and barrel horses I love it will pick up a horses front end and set them down correct and straight I have never had done fight it at all.But,There is that word,But Its in the hands.Try that Pellem and a curb strap first then if need a chain curb.And your reins in different places.Most English type ridden horses have some contact with the mouth at all times, need to use a bit designed for that desipline.If there is a hunter jumper or dressage barn near you visit with them.Do have his teeth checked though if they need attention nothing will work right.I bet with a little change you have a nice horse.