I took psychedelics daily for a while, or almost daily (3-5 times a week). I wasn't usually trying to trip balls. I still did occasionally, but it just get less and less magical, it was truly a pointless endeavor but I still got the lighter, fun effects, ie, a day sparkle, cool thoughts, euphoria, a feeling of connectedness. I accumulated a huge tolerance eventually and it's never fully gone away even when I took 3 years off. I also eventually experienced the effects of sustained, long-term sleep deprivation (which was the worst part of it). I don't recommend it.
Currently I am tripping weekly usually, that will probably continue through the summer. I like to go through periods of more frequent tripping. If I keep it to once a week or less I don't personally have any trouble maintaining my hold on reality or anything. In fact I was very highly functional and successful at my job while I was taking psychedelics 3-5 times a week even. Some people are better at handling frequent tripping (or occasional tripping) than others. I don't have any underlying conditions such as anxiety so for me tripping weekly just gives me a nice thing to look forward to on the weekend and makes it easier for me to experience life psychedelically whether I am tripping or sober.