The Reds captain is wary of getting too carried away with their Premier League title challenge rather than focusing on each individual match, warning that nothing is won yet.
Chelsea's shock 1-0 loss at Crystal Palace and Manchester City's 1-1 draw with Arsenal on Saturday have left the Reds with a chance to climb to the top of the table if they beat Tottenham on Sunday.
While Gerrard says the thought of winning his first league trophy "flashes in and out" of his mind, he is adamant that his side must not lose its focus on each individual game.
"The message has to be that we have won nothing yet," he told the media. "We are involved in the title race now — there's no getting away from that — but, from experience, I know that you can never afford to get carried away.
"I try not to think too much about what's at stake. Don't get me wrong, winning the title flashes in and out of my mind from time to time, but I am experienced and I know this is a ruthless league."
As one of the veterans in a predominantly young team, the skipper feels that he has more right to be nervous than his teammates but is keen to help them deal with the pressure.
He added: "The games are coming thick and fast, so there is no time to think. That's not such a bad thing when you've got a young team. When you have too much time to think about it, that's when you start asking yourself: 'What if?'
"If anything, it should be me who is anxious because I am the one who is running out of time for the title. It's important that the more experienced lads help the younger ones keep their feet on the ground and stay humble."