Some tarot writers say that this card stands for "conquest" or "defeat."
Silver Ravenwolf says that this is a negative card.
Thoth deck, this is "The Lord of Defeat." Question: Who was defeated? Nobody looks hurt or injured.
Another question: There are only three people in the scene. Why do we see five swords?
The scene here doesn't indicate that there was a fight. Everybody is still standing, with no apparent injuries. Nobody is wearing a bandage (as in the Nine of Wands). Nobody ended up like the unfortunate character in the Ten of Swords.