I dont know if precum can come out like this

frankly I'm uninformed so all the info i can get is great. Like most all guys I masturbate and i found one technique that i really like. I think its called the rosey palm where you use a flat palm to stimulate the penis head. when i do this a liquid comes out in copius amounts it is clear and has a consistancy of water am I peeing all over myself? Now that i think about it, it does kinda smell like pee and it doesn't look or feel like cum and honestly i dont know if precum can come out like this. Please explain. Thanks
B