Remove the Drive and see if the computer will complete POST again. If the computer still POSTs with the drive removed, I would suspect that either your power supply may not provide enough wattage to run your system with the components installed or the drive is defective or a cable was improperly connected. The LED light on your motherboard will stay on as long as the system is plugged into the mains. The motherboard still has voltage supplied even when the computer is shut down, which is why you should disconnect the power cord when changing components in the system. If you can check the drive in another computer that would help determine if the drive is at fault. If the drive works in a different computer and you are sure the cables were connected properly, then I would try a higher output power supply. Don't try to cut costs by using a cheap power supply because you will only run into more problems later.