If you're painting red then you should be doing a coat of "pepto pink" primer instead of white. Talk to the paint expert wherever you got your paint. Red is the absolute worst color to paint btw!
A year ago we painted our den Flames red and it took 1 coat of Pepto pink primer and 5 coats of red! After 3 coats of the red we were thinking that we made a mistake of epic proportions because it looked so bad - all streaky! Looks incredible now, but I doubt I'll ever paint red again.
Oh, and make sure you let it dry at least 12 hours between coats.