You might considering ditching the transistors altogether. Having pin 3 alternate between 5V and GND (0V) in-between the two LEDs should cause them to alternate (which is what I think you're doing here). Anyway, about LEDs.... they all have a specific forward voltage drop (well this is theory) so anything greater than that will cause them to burn up, so we use current limiting resistors in series. You can size these resistors by the following:
(max Voltage in - Forward voltage) / max LED current = resistor value. So a resistor for 1 LED will not serve 4 LEDs properly.
(max Voltage in - Forward voltage) / max LED current = resistor value. So a resistor for 1 LED will not serve 4 LEDs properly.