Currently, there is no way to remove a trait, and I don't think I will allow it in-game (the way I coded certain events, the game assumes you have a trait at certain points).
Titty lover and exhibitionist are tracked with switches in the game (switch 98 and 126, respectively). I don't know how these appear in a cheat engine, but they are true/false toggles, essentially (to be inactive, they must be set to false).
Traits can force your hand at times, but they also make certain scenes longer (and possibly sexier) or unlock certain encounters/events (if you don't have the masochist trait, you flat out can't do anything with a certain NPC in Rahib, to name one thing).
A few paths presume you still have the traits even if you turn them off, if you were supposed to gain the trait in that path, so don't be surprised if that happens (Sonya, most notably).
If you want to cheat, the best way is probably to use RPG Maker unlocker and get a copy of RPG Maker VX Ace. You can change variables and switches during test mode by simply pressing F9 (to get a full list), plus you'd be able to tweak/modify anything in the game, if you put in the effort (the game is quite messy on the developer end, so it might be troublesome to navigate).
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Ok. Thanks for the answer. Indeed, for some reason variables 98 and 126 are not present in the savefile when edited with the tool I mentioned.
Well, I guess I will continue playing with traits and see what happens. I can always replay the game in the future when more content comes out :)
Would it be a spoiler to share if some bad consequences can happen because of traits? :)
For example, if you can become a slave (actual slave at Rahib market) or get bad results for quests? Or even worse, not be allowed to do some quests (for example, if nobles no longer respect you if you are a Masochist)
Actually, I can check Walkthrough. No need to bother you, sorry :)
As long as you are having fun, it's all good. Something I forgot to mention: if you use the debug tool (called travel sphere, in the key items), there is a way to turn on/off traits. It might cause a few issues, as I mentioned, but if you really want to, that's how you could do it. You should interact with the ghost near the south-west corner. The debug tool can break the game if you are not careful, so make sure to save before you touch anything there. XD