What are the reaction conditions? We need to know if the conditions are acidic or basic to write a reasonable mechanism. Also what is the ratio of the reactants? Hint: I think more than 1 equivalent of S2Cl2 is required.
The direction of electron flow in your first step is ok - i.e. the arrows are all going in the right direction - but your use of curly arrows is a bit strange/unconventional.
Some of the arrows in the second step are the wrong way round. You need to keep track of charge, which way are the electrons flowing? Remember that electrons flow to the arrowhead, and will leave a negative charge there. A positive charge will be left at the tail of the arrow.
The third step is incomplete (what happent to the S-Cl bond?)
4th step in your originally proposed mechanism is wrong (charge balance).