I'd wind the watch and adjust it in the morning, and will be 2-5 minutes late in the evening. But at times I would adjust it during the day while watching time close to another, more reliable time source (like a public clock in a train station, for instance, or TV news in a shop window). After all it only takes a second to adjust: pull the crown, turn it a tiny bit, and push it back in :)
People are wincing at the idea of watch that is 5+ minutes off, but I typically intentionally set my watches roughly 5 minutes fast anyway. Helps me avoid being late for stuff. (I realize this makes no sense if you think about it too hard... shhhhhh)
If I need the precise time, I can pull out my phone or just ask another human who nearly because they will surely have a phone :)
(Note to non-watch enthusiasts: we are talking about the tolerances on very old watches; a modern $100 mechanical is usually accurate to within 5-10 seconds a day)
