Diego Simeone acknowledged a failure to take their chances cost Atletico Madrid, his side punished late on in a 1-1 draw with Bayern Munich .
Atletico went into Tuesday's Champions League clash with holders Bayern knowing that victory would be enough to secure second place in Group A.
Joao Felix gave Atletico the lead with his eighth goal in 14 appearances this term, but the hosts could not score from any of their other 12 attempts, of which only three were on target.