thanks for writing to us,
bleeding from any part of the body is not normal except the regular cyclical bleeding from vagina in females.
i suppose you should definitely show a good gynecologist for the discharge from your urethra
once your get over with your periods this time.
white and smelly discharge from the urethra definitely suggests infection. get culture and sensitivity of the discharge done.
as you are expecting the bleeding to be from your clitoris , is there any history of injury
to the part , or rough handling of the part during masturbation
presently let your periods get over and if the symptoms of white smelly discharge continues look for the doctor.