I assume you're playing around in the well?
Capcom decided to do a straight reduction system, ie if you have 500 attack and the enemy has 300 defence, the end result is 200 damage, give or take some for the slash/whatever resistance.
If you find you're doing basically no damage, you're not getting through their armour.
I'd suggest going to the encampment and getting Reynard to upgrade your daggers to 3 stars, it should put you in a much better position to take them on.
Capcom decided to do a straight reduction system, ie if you have 500 attack and the enemy has 300 defence, the end result is 200 damage, give or take some for the slash/whatever resistance.
If you find you're doing basically no damage, you're not getting through their armour.
I'd suggest going to the encampment and getting Reynard to upgrade your daggers to 3 stars, it should put you in a much better position to take them on.