The inner part of the pin on the red wire should be tighter. Did you get the 18 gauge pins or the 22? You want that crimp to be really tight, the goal is to make the wires one mass (airtight). (Don't solder it though.... big mistake a lot of people make)
It looks like you got the type of crimpers that you have to do 2 crimps on each pin based on the crimp. If not, it's not forming the crimp correctly (should look like a sideways B, with no gap in the center of the B).
I got one of the $29-$39 economy types and never looked back. I have the other one that you have to do 2 crimps per pin but haven't used it for anything since getting the one with the die. You can make good crimps with the 2 type but it takes a lot of practice. Like Billc479 says, you have too much wire on the other side of the pin. You want barely any coming through, there's zero advantage to having that wire there (unless your plan was to solder to it.... which is a bad plan)
There was just an article on hack a day about crimping a couple days ago worth looking at. Turns out some bad crimps caused many fires in some AC equipment.