This all depends. Many people who grow in coco coir water and feed every day, for example.
But, just because you give nutrients doesn't mean the plant is going to utilize them. Your soil/medium might not even retain them sufficiently. It might not hurt the plant to give a bit too much, but the nutrients may ultimately be wasted (more of some than others). In soil, half the story goes like this: negative electrical charges on minute soil particles (humus) attract cations, which are positively charged: such as ammonium (NH4+), calcium (Ca++), magnesium (Mg++), potassium (K+) and others. When a root hair wants to absorb one of these cations it does so by exchanging for a hydrogen cation (H+). On the other hand we have anions (negatively charged), including nitrate (NO3-) and phosphate (PO4-) which will not be retained by humus; they stay in solution and tend to leach from soil.
My point is that provided you have a good soil with adequate humus content the aforementioned cations should mostly stay put and remain available for use by the plant; any 'extra' cations should be retained. Excess anions on the other hand will just wash away (soluble nitrate and phosphate fertilizers).