I feed fry all they would eat - but I've never used pellets. I mostly feed live tubifex, daphnia, mosq larva, ant eggs Or frozen bloodworm and minced shrimp. So I'm not worried about bloating and have too few, if ever, to mention.
3 - 4 times feeding sounds good..... during the following feeding schedule, is his belly still fat from the previous food? If he can digest his food fast enough, you can feed him more per feeding. But if he hasn't digested all of the previous food, then stick to your current feeding.