HELP!! my compost doesnt look right!?

okay. this is my first year with the whole composting and organic vegetable garden. i love everything about it. its very relaxing and also rewarding to see my garden with tons of veggies. my compost bin is in a ten gallon paint bucket with no holes. the lid is a piece of heavy tile (i lost the real lid..oops!) i put in stuff like dead leaves, green leaves, fruit, coffee grounds, old veggies ect. it looks really wet, like soupy and dark brown and gross. it molds over on the top and when i stir it, its just brown watery stuff with chunks of old rotton food floating around...what did i do wrong!!? im going to start over and maybe add holes? what about dirt and newspaper or printer paper? what can i do to keep the consistency normal and make good compost for my vegetable garden? what should it look like? thanks for your help!