This is a defense based setup, although I probably could have had a much easier time if I had skipped this level since getting the necessary defense while not skimping too much on damage was difficult, not to mention, I cut it so close that it's almost scary to try! However, I did manage to make it a profitable level.
The hard part was remembering not to attack the Quicksand Demons in the area while wearing this setup. They will waste your stamina since you cannot hit them and they cannot hit you, unless someone gets lucky.