Am I gving Pre-Flop Early Position Raises too much Respect?

[TPupAZ]

This hand is something similar to something i've encountered as of late. when i'm in the 2nd or third position, i'm folding some high hands to early position raises. questions is, how much respect do you give while you in early -middle to raises behind you. here's the example hand.

Cryptologic 1.00/2.00 Hold'em <font color="#0000FF">(10 handed)</font> link

Preflop: Hero is UTG+1 with Q[img]/images/graemlins/spade.gif[/img], K[img]/images/graemlins/diamond.gif[/img].
<font color="#CC3333">UTG raises</font>, <font color="#666666">4 folds</font>, CO calls, <font color="#666666">3 folds</font>.

Flop: (5.50 SB) 3[img]/images/graemlins/diamond.gif[/img], 3[img]/images/graemlins/heart.gif[/img], K[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">UTG bets</font>, CO calls.

Turn: (3.75 BB) 5[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">UTG bets</font>, CO calls.

River: (5.75 BB) 9[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">UTG bets</font>, CO calls.

Final Pot: 7.75 BB.