Correct. Building muscle and losing fat at the same time is pretty much a biological impossibility. Pick a goal and run with it. You have your whole life to get where you want to be, so just look at the big picture.
Theres not much information to work on there, all i see is a list of bodyparts rather than a program. Can you give us a little more to go on? Exercises? Sets? Reps?
Just from what you've posted i can already see a variety of problems, but don't worry everybody makes these ones at first

:
1. Too much pressing. You need to balance it out with an equal amount of back work or your shoulders are going to be fucked real soon. Definitely need to rethink your training split to better accommodate this.
2. Too much volume. You're doing 40 sets a workout! This is probably too much even for some pro bodybuilders with years of experience and copious amounts of steroids! I do less than half the volume per workout you're doing, 10-20 sets a workout is ample.
3. You definitely need more leg work, and cardio doesn't count. If you want to grow? LEGS. You want to cut? LEGS. You want to get stronger, faster, fitter, better in bed or at math? LEEEEEGS. They're the hardest, most taxing exercises you can do and thats why they're magic.
Read that link up there Marat told you to read and by god read it well. It may just be the most important page you ever load in your web browser.