ReactionMatt Beard: It was frustrating - we should have been out of sight
Katie Stengel had headed the Reds in front in the Barclays Women's Super League encounter, but the home side came back to lead 2-1.
American forward Stengel then equalised and substitute Rhiannon Roberts headed in to make it 3-2, though Kelly Chambers' team levelled in the final minutes.
It was a second successive 3-3 draw for Liverpool following last Sunday's game at Brighton & Hove Albion, with Beard ruing two points dropped this time.
"We are frustrated not to get all three points, especially after we went back in front and then conceding in the 88th minute," the boss told Liverpoolfc.com.
"Crosses and set-pieces were a problem for us tonight and we knew Reading are dangerous from them, so that was super-disappointing.
"I was really pleased with the character after going 2-1 down and then getting back in front, but obviously we are frustrated we have not managed to see the game out and take all three points.
"It is an important point on the road, but I thought we should have been out of sight with the chances we had in the first half, being perfectly honest with you."
Beard's charges remain in 10th place in the WSL, sitting five points above the relegation spot, which is currently occupied by Leicester City.
"It's a tough league and we feel we have the quality in this squad to stay in this division," he added.
"It's tough to pick up points away from home in this league and we have had two long journeys in four days, so another point on board was vitally important.
"We have got two games at home now in the WSL and we need to try to take maximum points against West Ham United and Leicester City.
"We want to consolidate and keep moving forward so as long as we keep creating chances like we did tonight then I'm confident we will be OK."
Liverpool FC Women return to Prenton Park on Sunday (November 27) for a Continental League Cup clash with Blackburn Rovers (2pm GMT). Buy tickets here.
FeatureFive things we spotted at Liverpool's Thursday training session
Free video'Wataru!!' - Inside Training: Behind the scenes of Reds' Fulham preparations
GalleryTraining photos: Liverpool's pre-Fulham work on Thursday
TicketsLFC Women v Manchester United: Anfield ticket details
Media watchLiverpool eyeing move for Brighton star as Reds prepare 2025 transfer plans