you should do 10% weekly ONCE or 20% fortnightly ONCE. more than this is a bit too much
personally 75% is far too much!!!
Can you give us a reason for that Rocknurworld? Why is 10% ok, but 75% too much?
Your thoughts on water changes are an unfortunate rumour in the hobby which contributes to the demise of 1000's of fish. Actually, water changes of any size will have no negative effect so long as a few things are considered.
The first is the temperature of the water. This should not be dramatically changed quickly as it can stress the fish, however in practice, anything up to around a 50% change straight from the tap shouldn't move the tank temperature too much anyway. Fish aren't as fragile as many aquarists think. They actually suffer quite rapid temperature changes in their natural habitat, and theres really no need to 'wrap them in cotton wool' in the aquarium environment. If you are performing large changes and think that your water change will drop the temperature too much, all you need to do is pre-heat the water slightly.
The second consideration is pH. Large rapid pH fluctuations can stress fish, but if water changes are performed regularly, the tank pH will remain roughly the same as the tap pH anyway. You only really need consider this when the tank has went without a water change for a long time or if the replacement water has a drastically different pH to the tank water, which is not usually the case.
The third thing to consider is hardness. Hardness fluctuations are actually considered to be much worse for fish than pH fluctuations, and many deaths which are attributed to pH fluctuations, will actually have occurred due to hardness fluctuations instead. As with pH, assuming that regular maintenance is carried out, the hardness of the tank water will always be close to the hardness of the tap water, so it usually doesn't need to be considered.
The fourth and final thing is chlorine / chloramine. The vast majority of municipal water supplies will contain one or both of these. All replacement water should always be properly dechlorinated to be safe.
Of these four considerations, two take care of themselves so long as regular water changes are maintained, so in effect the only things that most people need to consider are dechlorination and temperature. If these are considered and the relevant steps taken, no water change is too large, not even 100%.
The only situation where large water changes would have a negative effect are if the above considerations are not taken into account, or if the tank has went a long time unmaintained (Old Tank Syndrome).
I would like to hear your thoughts on why 75% is too much. Water changes of that size may not always be 'required', but that is another discussion altogether.
Tetraking, in answer to your original question, weekly water changes are fine, as are daily water changes. Most people base their regime around their other commitments, and do what they can. Small frequent water changes are probably slightly better as it will keep the water parameters in the tank more constant, but for most of us, the benefit of doing daily changes as opposed to weekly changes is probably negligable.
You should also be aware that for instance, 2 x 50% changes is only equal to 1 x 75% change, not 1 x 100% as many people think. It actually takes between 6 - 7 x 10% changes to change the same amount of water as 1 x 50%. This in itself makes daily / bi-daily changes lots of work for not much benefit (usually). Frequent water changes certainly won't do any harm as i have described above, but we also must weigh up the effort involved and the cost to the environment against the potential benefits.
Hope this helps you.
Cheers
BTT