Congratulations! You were definitely doing your WILD right! You were past the SP and vibration phase I'm guessing, right? The sensation of rising into the air I'm guessing was you experiencing an OBE (out of body experience). This happens OFTEN when preforming a WILD. The only thing you did wrong was you should have taken advantage of the OBE and pushed it farther away from your physical body. One way to do this is to imagine your body actually separating into a non physical and physical body. Imagine your non physical body simply floating away to somewhere else. This will help you enter right into your lucid dream.
I'm not so sure what the emitted light was, but my guess is that it was a hypnogogic hallucination. I would suggest you do farther research in the the area of WILDs. Go to this part of the forum for help:
http://www.dreamviews.com/community/...ad.php?t=66238
Good luck!
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